What is a Concessionaire Bond?
A concessionaire bond is required in certain areas for persons wanting to open a concession stand. Again, these bonds make certain that you are operating in accordance with the various codes. Side note: one of the main impetus’ for food trucks was their ability to operate without this type of bond or under the same rules.
To get a Concessionaire Bond, just click on the Apply Online image below. Choose your state and then the type of bond you need.
How much does a Concessionaire Bond Cost?
A concessionaire bond can cost as little as $100. However, most go for more than that as it is based on the estimated income from the business. Still, it’s usually not that expensive for most businesses (maybe a couple of hundred dollars). Click the Apply Online button above, choose your state and concessionaire bond and get a quote FAST!
How to get your concessionaire bond
Click the Apply Online button above, choose your state and concessionaire bond and get a quote FAST!
Obligee and Bonding Requirements
The Obligee is the state or municipality is the Obligee, or the party that gets the benefit of the bond if you do not pay the required taxes. The bonding requirements are required by the Obligee to guarantee that your business follows the rules and also pays everything it needs to pay.
What Is This Bond For and What Does It Do?
This bond is for certain states and municipalities for concessionaires to do business within their location. The state/municipality is the Obligee and your business is the Obligor (and we’ll find you the Surety). The contract is between all three parties: Obligee, Obligor and Surety. The Concessionaire Bond ensures that you, the Obligor, pay all of your required taxes, including sales taxes and other required payments to the Obligee (state/municipality).