Health clubs (establishments devoting 40% or more of square footage to physical fitness services) that offer memberships longer than 3 months or collect payments in advance for more than 3 months. Required when: Offering health club services contracts for a period longer than three months or collecting payments in adv…
Overview
What it is.
Health clubs (establishments devoting 40% or more of square footage to physical fitness services) that offer memberships longer than 3 months or collect payments in advance for more than 3 months. Required when: Offering health club services contracts for a period longer than three months or collecting payments in adv…
Who usually needs it
Health clubs (establishments devoting 40% or more of square footage to physical fitness services) that offer memberships longer than 3 months or collect payments in advance for more than 3 months.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNJBond amount10% of the health club's gross income during the last fiscal year, with a minim…Term lengthContinuousObligeeNew Jersey Division of Consumer AffairsRenewalThe health club must renew its registration with the Division of Consumer Affairs every two years (biennially). The bond must be maintained as long as the club meets the criteria for bonding.Bond classLicense BondCategoryReal EstateBondHealth Club Surety BondStatutory referenceN.J.S.A. 56:8-41JurisdictionState
