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>In 1971, at age 14, Peter Cancro of Point Pleasant Beach, New Jersey, took a part-time job at Mike's Submarines, a neighborhood sandwich shop
>When the Point Pleasant shop went up for sale again in 1975, Cancro's mother suggested he buy it. With help from a high school football coach, who was also a banker, Cancro, then 17 and a high school senior, pulled together $125,000 in three days. Cancro is the former majority owner and CEO of the company.
$125,000 in 1975 is $750,000 by today's value.
So his football coach lent him the equivalent of 750 grand just like that to buy a sandwich shop?
Also all the people involved are Italian and they're from New Jersey at a time when the mafia ran the city.
Imagine being a teenager and going to your high school football coach and asking for 3/4 of a million dollars.
Who the fuck even has that kind of money lying around and why would you give it to a high school kid?
I'm honestly thinking this entire shop was started as a money laundering operation for the mob.
