The applicant shall also deposit, before such license is issued, the sum of one hundred dollars ($100.00) to guarantee the cost of cleaning the premises and removing any property therefrom after the termination of the business. If the premises on which such business is conducted are not cleaned and all merchandise, property and refuse are not removed therefrom and properly disposed of within forty-eight hours after the termination of the business, the Director of Public Safety shall immediately cause such work to be done and report the cost thereof to the Director of Finance, who shall deduct such cost and return any balance of the deposit. The licensee shall be liable for any deficiency.