Jersey Mike's CEO Peter Cancro, center, with Holley Hood and Haydyn Straus, the first participants in the brand's Coach Rod Smith Ownership Program.
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A Jersey Mike’s grilled sub, which every franchisee must learn to make fast.
When Rod Smith loaned a 17-year-old Peter Cancro $125,000 in 1971 to buy a single sub shop, he set in motion a long series of events that eventually made Jersey Mike's a sprawling, 1,700-store sandwich empire that sells more than $1 billion in subs a year.