Jersey Mike's Subs, the sandwich shop that began at the Jersey Shore nearly 70 years and grown into a national franchise, may be on the market. According to multiple reports, the buyout firm Blackstone may be close to purchasing Jersey Mike's Subs for approximately $8 billion, including debt. What is Jersey Mike's? Cancro, who is now the CEO of Jersey Mike’s Franchise Systems Inc., eventually began expanding in the Jersey area and has never looked back. Today, there are 2,828 nationwide, with close to another 300 on the way, according to the Jersey Mike's website.

Source: Forbes November 19, 2024 06:34 UTC