You run the concession. The bond backs the fees and the terms.
A bond for concession operators
Operators of concessions on public property — parks, stadiums, fairs, airports, government facilities — are often required to post a concessionaire bond as part of their permit or contract. It guarantees that you will pay the fees or percentage of revenue you owe and perform the obligations of your concession agreement. The property owner or authority can claim against it.
What a concessionaire bond guarantees
The bond protects the venue, authority, or property owner — guaranteeing payment of concession fees or revenue shares and performance of the concession contract's terms. If the surety pays a valid claim, you reimburse it in full. It's a financial and performance guarantee, not insurance for your concession.
How much a concessionaire bond costs
The bond amount is set by the licensing authority. The premium you pay is a small percentage of that amount — typically around 1%–3% for applicants with reasonable credit, more for weaker credit — so a modest bond often costs a few hundred dollars a year. We market it to multiple surety companies to get you the best rate.
Requirements vary by venue and jurisdiction
Concessionaire bonding is set by the specific venue, authority, or jurisdiction, so amounts and terms vary by contract. We confirm the requirement for your concession before quoting.
Concessionaire Bond requirements by state
The required amount and authority differ by state — and sometimes by city or county. We are licensed in all 50 states; request a quote and we will confirm the exact requirement that applies to you.
Frequently Asked Questions
What does a concessionaire bond cover?
It covers the venue's or authority's loss if a concessionaire fails to pay required fees/revenue shares or breaches the concession agreement. You reimburse the surety for any claim paid.
Who needs a concessionaire bond?
Operators of concessions on public or leased property where the authority requires a bond as part of the permit or contract. Requirements vary by venue.
How much does a concessionaire bond cost?
A premium that's a small percentage of the required bond amount, based on your credit.
How do I get a concessionaire bond through Cory Washington & Co.?
Request a quote or contact our team. We confirm your exact requirement, market your bond across multiple surety companies that compete for it, and handle the filing. Cory Washington & Co. LLC is licensed in all 50 states.
All surety bond descriptions on this website are provided by Cory Washington & Co. LLC strictly for general informational purposes. They are not intended to be, and should not be relied upon as, legal, financial, or bonding advice. Surety bonds are not insurance. Bond requirements — including amounts, obligees, and bond forms — are set by government authorities and other obligees and change over time; the information presented is general in nature and does not guarantee the availability, terms, conditions, or amount of any bond. Actual bond terms are governed by the bond form issued by the surety and the requirements of the obligee, and any bond remains subject to underwriting approval. Nothing on this website creates or implies an agent-client relationship, binds a surety, or issues a bond. Cory Washington & Co. LLC expressly disclaims any liability for actions taken, or not taken, based on the content provided here. For advice regarding your particular situation, please confirm current requirements with the relevant authority and consult directly with a licensed professional at Cory Washington & Co. LLC.