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Jersey Mike's Subs

From Wikipedia, the free encyclopedia
Sandwich shop
A Sub Above, LLC
Jersey Mike's restaurant inValdosta, Georgia
Jersey Mike's Subs
FormerlyMike's Giant Submarine Shop (1956–1960)
Mike's Submarines (1960–1975)
Company typeSubsidiary
IndustryRestaurants
GenreFast casual
FoundedMike's Giant Submarine Shop:
1956; 69 years ago (1956)
Point Pleasant, New Jersey, U.S.
Jersey Mike's:
1975; 50 years ago (1975)
FounderMike's Giant Submarine Shop:
Michael Ingravallo and Marie Ingravallo
Jersey Mike's:
Peter Cancro
Headquarters,
U.S.
Number of locations
Increase 3,500 (2023)
Areas served
  • United States
  • Canada
  • Mexico
Key people
Charlie Morrison (CEO)
Products
RevenueSteady US$974.1 million (2021)
Number of employees
19,000 (2021)
ParentBlackstone
Websitewww.jerseymikes.com
Footnotes / references
[1][2][3][4]

A Sub Above,LLC,doing business asJersey Mike's Subs, is an American multinationalsubmarine sandwich chain headquartered inManasquan, New Jersey. The Jersey Mike'sfranchise has about 3,500 locations, with locations in theUnited States,Canada, and elsewhere.[3]

History

[edit]

In 1971, at age 14, Peter Cancro ofPoint Pleasant Beach, New Jersey, took a part-time job at Mike's Submarines, a neighborhood sandwich shop in the adjacent borough of Point Pleasant at 1009 Trenton Avenue. The eatery, founded in 1956, was only a few blocks west of Point Pleasant Beach High School and was then on its third owner. It was originally named Mike's Giant Submarine Shop[5] after its original owner, Michael Ingravallo, who, with his wife Marie, owned several locations in New Jersey and Florida as part of her family's business.[6]

Marie's father, Jimmy Lepore, immigrated fromCaserta,Italy, in 1922 and opened his first submarine shop on Tremont Avenue in the Bronx. After his family moved to New Jersey, they began expanding their business, eventually opening and leasing 13 sub shops up and down the New Jersey coast. By 1979, the family had sold all but two.[7][8]

When the Point Pleasant shop went up for sale again in 1975, Cancro's mother suggested he buy it. With help from a high school football coach, who was also a banker, Cancro, then 17 and a high school senior, pulled together $125,000 in three days.[9][4][10] Cancro is the former majority owner andCEO of the company.

Jersey Mike's atWashington Union Station

Cancro began franchising the restaurant in 1987. By 2014, it had 750 locations with an additional 650 in some stage of development.[11] In 2015, 197 new locations opened and the total number of Jersey Mike's locations exceeded 1,000.[12] Jersey Mike's locations are gaining a larger presence on theWest Coast, particularlySouthern California. The original Jersey Mike's location on Trenton Avenue is still used as a training center for the company.

On March 2, 2016, the company opened itsAustralian first outlet at theQ Super Centre inMermaid Waters,Gold Coast, Queensland, followed by a second outlet inBenowa Village later that month. Then a third outlet inBrowns Plains, Brisbane.[13][14] These were all closed by late 2020, apparently due to theCOVID pandemic.[15]

In 2021, the company opened an outlet at the Andares Shopping Mall inGuadalajara,Jalisco,Mexico.

In January 2024, the company announced a majorCanadian expansion with Redberry Restaurants, a large Canadian restaurant operator, in what would be the first major international expansion, with threeOntario locations currently opened inKitchener,London andMarkham,Ontario, with a planned target goal of 300 outlets in the next decade.[16]

On November 18, 2024, it was announced that Cancro had sold a majority interest in the business toBlackstone Inc. for $8 billion;[17] the transaction was completed two months later.[18] On April 28, 2025, Cancro was succeeded as CEO by Charlie Morrison.[19]

Products

[edit]

Like the original 1956 Mike's store, each Jersey Mike's Subs restaurant serves submarine sandwiches, which are made to order, slicing the meats and cheeses as needed. Ordering a sandwich "Mike's Way" tops it with slicedonions, shreddedlettuce,tomatoes,oregano,salt, and ared wine vinegar,olive oil andvegetable oil blend (otherwise known as "The Juice"). There is also a signature chopped pepperrelish (also called "CPR"), though this isn't included in Mike's Way.

A "Jersey Shore's Favorite"—provolone, ham, andcappacuolo—on white bread

Some Jersey Mike's locations also serve various breakfast sandwiches during the morning hours, including sandwiches made withpork roll, a New Jersey product.

Advertising

[edit]

In September 2022, Jersey Mike's began featuring actorDanny DeVito in its radio and television commercials. DeVito grew up a few miles away from the original Jersey Mike's.[20][21]

See also

[edit]

References

[edit]
  1. ^"How the CEO of Jersey Mike's Turned $125,000 into $1 Billion".Inc.com.
  2. ^"Peter Cancro, Jersey Mike's Franchise Systems Inc: Profile and Biography".Bloomberg.com. Retrieved2022-11-26.
  3. ^ab"Start a Jersey Mike's Subs Franchise in 2024".Entrepreneur. Retrieved2022-01-26.
  4. ^abSchools, Dave (2018-03-15)."How Jersey Mike's CEO Turned $125,000 Into $1 Billion".Inc. Retrieved2022-01-26.
  5. ^"Don Fioretti, 'Ball Manager".Asbury Park Press. 1958-02-19. Retrieved2024-06-03.
  6. ^"New Sandwich Shop To Open".The Madison Eagle. 1964-12-17. Retrieved2024-06-03.
  7. ^DeMasters, Karen (1979-09-02)."Immigrant Traveled Rocky Road To Sub Shop Ownership".Asbury Park Press. Retrieved2024-06-03.
  8. ^"John Lepore, sandwich store chain owner, dead at 83".Asbury Park Press. 1983-01-22. Retrieved2024-06-04.
  9. ^"Peter Cancro, Founder/CEO, Jersey Mike's Subs". 13 June 2022.
  10. ^"Lessons From the Sub Shop".The New York Times. 2010-06-05.ISSN 0362-4331. Retrieved2022-01-26.
  11. ^Kulikowski, Laurie (2014-02-25)."Jersey Mike's Subs Is Revving Up for Franchise Expansion".TheStreet. Retrieved2022-01-26.
  12. ^"Jersey Mike's Finishes 2015 with Strong Unit Growth".QSR magazine. 2016-01-26. Retrieved2022-01-26.
  13. ^"Why US food chain Jersey Mike's Subs is setting up on Australian shores".Smart Company. 2016-03-02. RetrievedNovember 30, 2024.
  14. ^Stowe, -Sarah (2016-03-01)."US fast food giant Jersey Mike's Subs heading to Australia".Franchise Business. RetrievedNovember 30, 2024.
  15. ^"Gold Coast businesses that have opened and closed - Jersey Mike's Australia's Facebook page lists its operation as "permanently closed". 2020-12-24. Retrieved2024-11-30.
  16. ^"Jersey Mike's plans major expansion in Canada with Redberry Restaurants".Nation's Restaurant News. 2024-01-17. Retrieved2024-01-17.
  17. ^Sloan, Dylan (19 November 2024)."Jersey Mike's Founder Is Worth $7 Billion After Blackstone Deal".Bloomberg.com. Retrieved19 November 2024.
  18. ^"Blackstone completes Jersey Mike's Subs acquisition".NJBIZ. Retrieved2025-10-10.
  19. ^Valinsky, Jordan (24 April 2025)."For the first time in about 50 years, Jersey Mike's has a new CEO".CNN. Retrieved13 July 2025.
  20. ^Shaw, David."DeVito! Although He Has a Penchant for Dark Comedies, Actor-Director Danny DeVito Is Serious About His Craft, His Family and His Cigars"Archived 2007-04-04 at theWayback Machine,Cigar Aficionado profile, accessed May 2, 2007. "Danny DeVito was born in 1944 in the shore town of Neptune, New Jersey—hence the name of his production company—and raised in neighboring Asbury Park, the youngest of five children (two of whom died before he was born)."
  21. ^Kelly, Chris (7 October 2022)."Campaign Trail: Jersey Mike's Subs serves up authenticity with Danny DeVito".Marketing Dive.

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