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FE&S: When did you first join Jersey Mike's?
MM:1 worked for Peter Cancro in the late 70s. Pete had worked at Mike's Subs, a small sub shop in Point Pleasant, New Jersey, when he was just 14 years old. T h e n at 17, when he was a senior in high school, he was able to buy the shop for $125,000 using money he was loaned from a former football coach who was the local banker. Peter would sit in a few classes, then run back to the shop for the lunch rush, and then go back to school. T went away to the Marine Corps and when I came back in 1985 Peter had named the shop Jersey Mike's and started franchising. I've been there ever since - he's a great man to work for and has done a lot of charities around the country and always looks to give back.
FE&S: Jersey Mike's has been steadily growing over t h e past several years. Does the chain have any more expansion plans?
MM: We opened 3 5 stores in the first 3 years in the '80s and have since grown to over 800 locations in the last 7 or 8 years, primarily as a result of our existing franchisees. We've stopped growing and...