All articles tagged with #jersey mikes
The author compared club sandwiches from Subway, Jimmy John's, and Jersey Mike's, finding Jersey Mike's impressive for its generous meat portions despite less fresh bread, and Jimmy John's notable for its excellent bread and fresh ingredients, though with excessive mayo. Subway's offering was disappointing due to small portions, making it the least favored option.
Blackstone, a private equity firm, has agreed to purchase Jersey Mike's Subs for $8 billion, including its debts, with the deal expected to close in early 2025. Jersey Mike's, founded in 1956, has grown to nearly 3,000 locations and plans further expansion. Blackstone aims to help the chain grow domestically and internationally, with founder Peter Cancro retaining a significant stake and continuing as CEO. This acquisition follows another major sandwich chain deal, with Subway being bought by Roark Capital Group for $9.55 billion.
Jersey Mike's Subs has been acquired by Blackstone for approximately $8 billion, including debt, to support the chain's expansion and technological advancements. The deal, expected to close in early 2025, will see CEO Peter Cancro retain a significant equity stake and continue leading the company. Jersey Mike's, which has grown rapidly with over 3,000 locations, aims to further its growth with Blackstone's backing.
Jersey Mike's, a rapidly growing sandwich chain, is being acquired by private equity firm Blackstone for approximately $8 billion. The deal aims to accelerate Jersey Mike's expansion and technological investments, with founder and CEO Peter Cancro retaining a significant equity stake. The acquisition is expected to close in early 2025, pending regulatory approvals. Jersey Mike's has seen significant growth, tripling its locations over the past decade and posting $3.3 billion in sales in 2023.
Jersey Mike's, the fast-casual sandwich chain, is being sold to private-equity firm Blackstone for a reported $8 billion. Blackstone will acquire a majority stake, while CEO Peter Cancro retains a significant equity stake and continues to lead the company. The deal highlights the trend of high-value acquisitions in the franchise restaurant sector, with Jersey Mike's showing strong growth in sales and unit volumes. Blackstone aims to support further growth and technological investments for the chain.
Employees of Jersey Mike's have revealed some concerning aspects of the popular chain's menu, including the use of day-old bread for hot subs, the use of soybean oil in place of olive oil, the lack of official guidelines for off-menu items like the salami and cheese sandwich, potential overloading of peppers in the chipotle chicken sandwich, concerns about cross-contamination with gluten-free subs, underwhelming chicken strips, reports of contaminated soda fountains, and the unimpressive nature of new test menu items like the Nacho and Cool Ranch Philly Bowls.
Jersey Mike's CEO, Peter Cancro, has expressed that it is becoming increasingly difficult to hire teenagers amid the labor shortage caused by the COVID-19 pandemic. Cancro emphasized the need for a separate wage for younger workers and discussed the company's ability to stay resilient during the labor crisis. Despite the challenges, Jersey Mike's has managed to maintain its growth and success, with nearly 3,000 stores across the US. Cancro also highlighted the company's charitable initiatives and his own journey from starting as a teenage employee to becoming the owner of the company.
Jersey Mike's and DoorDash are offering a "happy hour" deal on food between June 7 and June 8. Customers can get up to $25 off an order of $12 or more between 5 p.m. and 6 p.m. local time in each store. To redeem, customers must have a valid account on DoorDash.com and use the promo code JERSEY. The offer is subject to availability, and taxes, fees, and gratuity are not included in the promotion.
Quadruplet brothers from New Jersey, who started working with Jersey Mike's in high school, have opened a sandwich shop in Hainesport. The Ballard brothers are all equal owners of the franchise, and their vision became "serious" during the COVID-19 pandemic. In the first five days, their store sold approximately 5,000 subs and 300 cheesesteaks. The new location used to be a frozen yogurt shop.
The Ballard quadruplets have opened a Jersey Mike's franchise in Hainesport, New Jersey. The family business looks like any other Jersey Mike's, but customers may notice that several of the guys behind the counter look alike.
Jersey Mike's Subs will donate 100% of all sales made on March 29, 2023, to local nonprofit organizations as part of their 13th annual Month of Giving fundraising campaign. The initiative is part of the company's nationwide Day of Giving, where every dollar made at participating locations is donated to local nonprofits. A list of participating locations and the local nonprofits benefiting from the campaign can be found on their website.