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Point Pleasant, N.J.

Coverage of Point Pleasant, N.J. in the Nexus archive.

Earliest in view: Jul 26 · 07:30 UTCMost recent: Jul 26 · 07:30 UTC

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BUSINESSJul 26 · 07:30 UTCFORTUNE
The Pete behind Jersey Mike’s was only 17 years old when he borrowed $125,000 to buy the chain—with some help from his high school football coach
Peter Cancro borrowed $125,000 at age 17 to buy a small sandwich shop that later became Jersey Mike’s, a national chain with 4,000 locations. With help from his high school football coach, who provided the loan, Cancro transformed the business into a franchise worth $8 billion ahead of its IPO, making him a billionaire.