Jersey Mike’s Reaches Major Professional Milestone: 3,000th Location Opens

Jersey Mike’s has reached a major professional milestone. The sandwich shop, known for its freshly made sub offerings, has opened its 3,000th location.

A press release reports the company held a big 12-store opening celebration to mark the milestone on Wednesday, Dec. 18. This significant achievement piggybacks on Jersey Mike’s opening a record-breaking 322 locations in 2024 alone.

“Congratulations to all our owners and teams for all they have accomplished with their commitment and hard work,” said Peter Cancro, founder and CEO, of Jersey Mike’s Franchise Systems, Inc. “Reaching 3,000 stores is a celebration of all who have helped build Jersey Mike’s into a brand that resonates on a national level due to our powerful giving culture.”

In January 2024, Redberry Restaurants entered into a development agreement to open 300 Jersey Mike’s restaurants across the country over a period of 10 years. The company has exceeded that expectation.

The restaurants sharing the milestone are in the following locations:

• Albany, Oregon
• Bay City, Michigan
• Bordentown, New Jersey
• Elyria, Ohio
• Faribault, Minnesotata
• Greenville, Michigan
• Katy, Texas
• Laurel, Maryland
• Mountain Top, Pennsylvania
• Narragansett, Rhode Island
• Peoria, Arizona
• Silver Spring, Maryland

Jersey Mike’s Partnership With Blackstone Led to Continued Growth

In November 2024, Jersey Mike’s announced it had reached an agreement with a private equity fund managed by Blackstone to acquire a majority ownership position in the sandwich chain. Cancro maintains a significant equity stake and continues to lead the business. Jersey Mike’s partnership with Blackstone is helping the company accelerate its expansion across and beyond the U.S. market. There are locations in Mexico, Canada, and the United Kingdom.

At the age of 14, Cancro began working at the company’s original Point Pleasant, New Jersey, location, which was founded in 1956 as Mike’s Subs. He acquired the location in 1975 at age 17 with a loan from his football coach — who was also a local banker — and began franchising the business in 1987.