Peter Cancro purchased the sandwich shop Mike's Subs at age 17 with a $125,000 loan secured with the help of his former football coach. He worked at the shop since he was 14 and envisioned turning it into a national chain. Cancro has since grown the business into Jersey Mike's, which now has 4,000 locations and is preparing for a potential $8 billion IPO. AI
RANK_REASON The article details the founding story of a major national chain and its upcoming IPO, which is a significant business event. [lever_c_demoted from significant: ic=1 ai=0.0]
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