Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. Very good. The note may be prepaid by the borrower at any time prior to maturity with no prepayment penalties. These resorts range from old-fashioned and comfy to sleek and modern. The SEC maintains an Internet site (http://www.sec.gov) that contains reports, proxy statements, and other information that the Company files with the SEC. The rental of campsites to the general public provides income to cover expenses, complete capital improvements, and allow shareholders up to forty-five free nights camping annually. Look for ocean views from a furnished balcony where you can enjoy a breakfast that you prepared in the full kitchen. 165 South Dolliver Street, Pismo Beach, California, 93449, United States, experience a successful sale on the timeshare resale market. Swimming pool, lake, recreational activities, store on site. Working capital increased to $5,041,669 at the end of the second quarter of fiscal year 2021, compared with $4,288,675 at the end of fiscal year 2020, and $3,118,195 at quarter end March 31, 2020. The majority of the balance is due to timing differences of depreciation expense, caused by the use of accelerated depreciation methods for tax calculations. With storage, you can have your RV delivered and set up for you ahead of time. 2023 - Sell A Timeshare - All Rights Reserved Website by. sig. . Either way, you'll find yourself surrounded by luxury with amenities like spas, shops, restaurants, fitness centers and lounges. The downtown district is adjacent, providing many opportunities for shopping, dining and entertainment. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. The increase in the General Store revenue primarily reflects the increased resort occupancy due to COVID-19. Revenue is then recognized when the customer stays at the resort. The Company continues to promote and depend upon recreational vehicle camping as the primary source of revenue. I give my elec. Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. When it first. Future minimum lease payments under this obligation are as follows: Rent expense under these agreements was $23,953 and $2,483 for the six months ended March 31, 2021 and 2020, respectively, and $11,987 and $1,241 for the three months ended March 31, 2021 and 2020, respectively. Consent not required for purchase. and consent for BuyATimeShare and. sig. PISMO COAST VILLAGE share $31,000 OBO Very desirable, beachfront RV campground in Pismo Beach, California 714-838-3377 MFS010316JMAC-PISMO BEACH, CA ADVANCE RESORTS OF AMERICA, INC "The Waterfront Resort Company" Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, Cleanliness 4.5. On March 11, 2020, the World Health Organization declared the outbreak of a coronavirus (COVID-19) a pandemic. Although the supply-demand balance generally remains favorable, future-operating results could be adversely impacted by weak demand. We couldn't find any timeshares matching your search term, but we can notify you when we have new timeshares for purchase or rental. The loan, which was in the form of a note dated April 28, 2020 issued by the borrower, matures on April 28, 2022 and bears interest at a rate of 0.98% per annum, payable monthly commencing on November 28, 2020. 3. Shoppers love the Pismo Beach Premium Outlets with its outstanding collection of designer names. We recommend viewing REMAX.com and it's affiliated sites on one of the following browsers: Pismo Coast Village, Pismo Beach, CA Real Estate and Homes for Sale. Buyers are advised to confirm all data provided. and consent for Timeshare Broker Associates and. Walk along the Pismo Pier and stop to cast a line to catch red snapper, cod or even a thresher shark, with no license needed. The Financial Accounting Standards Board (FASB) issued new guidance that created Topic 606, Revenue from Contracts with Customers, in the Accounting Standards Codification (ASC). Its business is seasonal in nature with the fourth quarter, the summer, being its busiest and most profitable. Revenue is recognized when spaces are occupied or goods and services have been delivered or rendered, respectively. Upon review of operational expenses, occupancy, and competition, the Board of Directors may approve adjustments to the nightly site rental rates or towing and storage rates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect certain reported amounts and disclosures. Pismo Beach timeshares can promise ocean views and all of the comforts of home. Toll Free: 1-877-815-4227 For the six-months ended March 31, 2021, income before provisions for income tax increased by $719,929, reflecting increased total income and decreased operating expenses. Cash payments received in advance of guests staying at the resort are refunded to guests if the guest cancels within the specified time period, before any services are rendered. Historically the Company, because of its seasonal market, has produced 60% to 65% of its revenue during the third and fourth quarters of the fiscal year, with more than 40% being produced during the fourth quarter. Visitors looking to buy, sell or rent timeshare resales will be nestled right on the beach, beautifully landscaped, it is truly an outstanding RV resort in every sense. At March 31, 2021, future minimum payments on the capital lease obligations were as follows: Less current portion of capital lease obligations, Total capital lease obligations, net of current portion. All kids enjoy days at the beach strolling along sandy shores, digging for clams with a permit, playing sand volleyball, and building sand castles. 140 S DOLLIVER ST SPC 127, Pismo Beach, CA 93449. Information deemed reliable but not guaranteed. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. $8,000 membership. The geographic nature of the revenue could affect the nature, timing, amount and uncertainty of revenue and cash flows. THE BASICS OF SHARE TRANSFERS THE BASICS OFSHARE TRANSFERS Pismo Coast VillageCorporate Office rv@pismocoastvillage.com (805) 773-5649165 S. DolliverPismo Beach, CA 93449 PCV SHAREHOLDER Maybe your family spent summers at Pismo Coast Village, and you want to bequeath your share to your children. Capital expenditures are consistent with prior years and operations and are expected to provide adequate resources to support the amounts committed to complete the authorized capital projects during the fiscal year. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. In response, the County of San Luis Obispo followed by the Governor of California issued a Shelter at Home order effective March 19, 2020, requiring certain non-essential businesses to temporarily close to the public. Consider Pismo Beach timeshares when you're ready to soak up the sun and play in the surf. See more of Pismo Coast Village on Facebook Yearly dues are $622.96 and buyer will be responsible for a $750 transfer fee. We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the balance sheet of the Company as of September 30, 2020, and the related statements of operations, and statement of changes in stockholders equity, and cash flows for the year then ended; and in our report dated November 18, 2020, we expressed an unmodified opinion on those financial statements. Intl: (407) 917-8432. Some of these projects include road repair, utility improvements, landscaping, and building repair. and consent for Timeshare Broker Associates to send me offers at the above phone number. Asking $2500, dues are current, buyer pays transfer fee, 919 933-4606 jradkins@earthlink.net, More Memberships For Sale on the next page. FOR SALE; these are still light compared to the summer high season when locals and tourists flock to the . Each office is independently owned and operated. Dinosaur Caves Park offers a fun playground along with an old-time band-shell that features occasional free concerts. Web Design and SEO by: Advanced Internet Management, Please wait we are loading some suggestions for you, I give my elec. The Company uses the asset-liability method of computing deferred taxes in accordance with ASC Income Taxes topic. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Generous square footage, luxurious linens and indulgent mattresses ensure a remarkable experience. There are several resorts you can use with this membership. To view all of Pismo Coast Villages filings with the SEC, go to sec.gov link below. Copyright 2023 California Regional Multiple Listing Service, Inc. All rights reserved. With 400 RV hookup sites, you'll enjoy blissful camping experiences with modern amenities like complimentary wireless Internet and cable television. Although the Company does not maintain any uncertain tax positions, tax returns remain subject to examination by the Internal Revenue Service for fiscal years ending on or after September 30, 2018 and by the California Franchise Tax Board for fiscal years ending on or after September 30, 2017. I also agree to the Terms of Services and Privacy Policy. 2 Beds. Management continues to place importance upon ongoing review of retail product mix, pricing, attention to service, and staff training. February and March of 2021 resumed with record occupancy, and projections are expected to meet or exceed 2020 occupancy for the remainder of fiscal year 2021. The present level of cash is being maintained in anticipation of large capital expenditures. nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. I also agree to the. The Company does not disclose the value of unsatisfied performance obligations for contracts with an expected length of one year or less. (800) 525-7452. The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. ITEM 3. Each office independently owned and operated. If the Company fails to complete the required public improvements, monies will be drawn from the credit line to satisfy the County. It is the policy of management to review the outstanding accounts receivable at year-end, as well as historical bad debt write-offs, and establish an allowance for doubtful accounts for estimated uncollectible accounts. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK. cchris1981@verizon.net. Website Design and Hosting by TXAD Internet. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS, ITEM 4. View more property details, sales history Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. Listing by Real Estate One - Greg Beck. In addition, in a national My Favorite Campground contest sponsored by Woodalls, Pismo Coast Village was voted as one of the top ten favorite campgrounds for 2011. Price $1999.99 plus transfer fee of $249.75 Can join R.P.I. Due to the nature of business and economic cycles and trends, rates may be adjusted accordingly, if deemed necessary. Advertising expense was $6,336 and $7,225 for the six months ended March 31, 2021 and 2020, respectively, and $5,089 and $2,841 for the three months ended March 31, 2021 and 2020, respectively. Web Design and SEO by: Advanced Internet Management. ), 165 South Dolliver Street, Pismo Beach, CA 93449, (Address of Principal Executive Offices) (Zip Code), Registrants telephone number, including area code, (Former name, former address and former fiscal year, if changed since last report), Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. All property and equipment is recorded at cost. For performance obligations related to the Company accommodations and other ancillary goods and services, control transfers to the customer at a point in time. Sycamore Lodge near Pinehurst, NC and Gettysburg Battlefield, PA Plus Coast to Coast with thousands of affiliates around the USA. The information furnished reflects all adjustments, which, in the opinion of management, are necessary to a fair statement of the results for the interim periods. Results of Review of Interim Financial Information. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. Call 603-883-8626 or 1-800-640-6886 for assistance. Shoulder seasons are in fall and spring, with October being a popular month to see the annual migration of monarch butterflies happening at the Butterfly Habitat on the North End of Pismo State Beach. The Company makes available on its website, www.pismocoastvillage.com, access to its annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports as soon as reasonably practicable after such material is electronically filed with or furnished to the Securities and Exchange Commission (SEC). A 2020 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,166, including interest at 5.406% per annum, through May 2027. Advertising expense was included in operating expenses on the statement of operations. This increase in income reflects a $335,328, or 36.0%, increase in site revenue, and an increase of $13,080, or 3.1%, in RV storage and spotting activity. Both parks have low yearly . I also agree to the, I give my elec. 2 Baths. Will sell for $5,000, including transfer fee of $700. YES [ ] NO [ ], Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date. Information deemed reliable but not guaranteed. MARCH 31, 2021 AND 2020 AND SEPTEMBER 30, 2020, Net of accumulated depreciation and Amortization, Current portion of capital lease obligations, Capital lease obligations, net of current portion, Common stock no par value, 1,800 shares issued, 1,775 and 1775 shares outstanding at March 31, 2021 and 2020, respectively, Total Liabilities and Stockholders Equity. As of March 31, 2021, management has considered its tax positions and believes that the Company did not maintain any uncertain tax positions under this approach and, accordingly, all tax positions have been fully recorded in the provision for income taxes. Really nice package for price. Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, Pismo Coast Village RV Resort Timeshares for Sale WorldMark Pismo Beach 100 Ocean View Ave., Pismo Beach, California, 93449 Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. Similarly, visitors look forward to spend a few hours at the Avila Hot Springs where they can obtain a day pass to soak in the natural artesian mineral hot spring. Timeshare accommodations include hotel-style rooms as well as multi-bedroom condos and villas. At March 31, 2021, September 30, 2020, and March 31, 2020, capital lease obligations consisted of the following: NOTE 5: CAPITAL LEASE OBLIGATIONS (continued). This park does allow outside guests. Funding for these projects is expected to come from normal operating cash flows and, if necessary, supplemented with outside financing. Enter your details below to be emailed when inventory becomes available. The San Luis Obispo Children's Museum lets little ones have fun while learning with interactive displays and educational exhibits based on play. Your search does not match any homes. Golfers enjoy scenic courses with challenges for all skill levels. Once you've decided to buy a Pismo Beach campground membership at Pismo Coast Village RV Resort, you'll find yourself longing to return to your seaside oasis often. Due to the COVID-19 the General Store was closed March 23, 2020 until June 12, 2020, while RV Service remained open during the crisis. They currently have 6 or 7 shares available going for $32,550 each. ITEM 2. ** The Official Facebook Page of Pismo Coast Village RV Resort ** Beachfront 400 campsites full. Cost only $995.00 for transfer fees. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. I give my elec. Points are not available against this searching criteria. The Company has been fortunate not to have significant impact due to economic volatility. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. RVing offers an affordable outdoor recreational experience, and the Company provides quality facilities and services in a highly popular location. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. The data relating to real estate for sale on this website comes in part from the IDX program of the North Santa Barbara County Regional MLS and its affiliated associations. At March 31, 2021, September 30, 2020, and March 31, 2020, the cost of assets under capital lease was $405,819, $405,819, and $398,770 and related accumulated amortization was $234,882, $196,991 and $233,750, respectively. This would include the purchase of equipment with sweeper attachments, surveillance cameras for the resort, garbage compactor container, service truck for RV service, and a lift for the RV service facility. Certain information included herein contains statements that may be considered forward-looking statements, such as statements relating to anticipated expenses, capital spending and financing sources. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Travel Resorts of America/Coast to Coast Lifetime membership in two campgrounds, You can pick a home park from an extensive listing all over the United State when transferred. The difference between the effective tax rate and the statutory tax rates is due primarily to the effects of state taxes net of the federal tax benefit and nondeductible variable costs of shareholder usage. You are one of the 1800 owners. Operating expenses for the three-month period ending March 31, 2021, decreased $79,028, or 6.1%, below the same period ended March 31, 2020. Garry Nelson, President and Chairman of the Board, Jerry Roberts, V.P. NOTE 2: SUMMARY OF SIGNFICANT ACCOUNTING POLICIES (continued). ft. apartment is a 2 bed, 2.0 bath unit. Accordingly, actual results could differ from those estimates. ft. house located at 102 Village Cir, Pismo Beach, CA 93449 sold for $700,777 on Nov 24, 2020. We have camped at Pismo Coast Village before and wonder about the merits of owning a share or not. Total depreciation and amortization expense was $198,568 and $204,700 for the six months ended March 31, 2021 and 2020, respectively, and $98,687 and $101,602 for the three months ended March 31, 2021 and 2020, respectively. Do Not Sell or Share My Personal Information. Contact us at our email address hvn4us@gmail.com. Additional revenues come from RV storage and spotting, RV service and repair, on-site convenience store, and other ancillary activities such as laundromat, arcade, and bike rental. (CRMLS) 4 beds, 2.5 baths, 1641 sq. Dues have been paid currently so no past due dues all 1000 Trail and NACO campgrounds. YES [X] NO [ ], Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Subsection 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Check-in is not available against this resort. Visitors looking to buy, sell or rent timeshare resales will be nestled right on the beach, beautifully landscaped, it is truly an outstanding RV resort in every sense. We conducted our review in accordance with the standards of the PCAOB. (805) 773-1507. All Rights Reserved. Statements of Income and Retained Earnings, 5. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Fresh seafood is one of the favorite local cuisines to enjoy. Copyright 2023 RV Property. Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity with accounting principles generally accepted in the United States of America. 100 Ocean View Ave., Pismo Beach, California, 93449. The Company began canceling reservations on March 19, 2020 and closed the park on March 23, 2020. Pismo Coast Village RV Resort. Click the button below to proceed. It's an incredibly scenic stretch of coastline that's dotted with charming coastal cottages. View all View all photos (99) Traveler (91) Pool & Beach (18) Room & Suite (2) About 4.0 The financial information included in Part I of this Form 10-Q has been reviewed by Brown Armstrong Accountancy Corporation, the Company's Certified Public Accountants, and all adjustments and disclosures proposed by said firm have been reflected in the data presented. Visit a local winery to sample locally made wines. and consent for Timeshare Broker Associates and, Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by. Management did not identify any subsequent events that required disclosure. The financial statements report only basic earnings per share, as there are no potentially dilutive shares outstanding. At March 31, 2021, September 30, 2020, and March 31, 2020 the Company had cash deposits of $6,299,526, $4,591,597 and $3,257,123, respectively, in excess of the $250,000 federally insured limit with Pacific Premier Bank. All undisputed payables have been paid in full according to the Company's policy. Never pay an upfront fee and let us take the hassle out of selling your Pismo Beach timeshare resale. Pismo Coast Village RV Resort 165 South Dolliver Street, Pismo Beach, CA 93449 US . and consent for SellATimeShare and third-party brokers to send me promotions and purchase offers on my timeshare at the above email address and phone number including by autodialer, text msg., and prerecorded msg. The Company does not recognize revenue when a customer prepays for resort accommodations. MLS# SP20219611. 2022 Annual Report: This report is an analysis which discusses the Company's financial condition as of September 30, 2022, compared with September 30, 2021. https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf Consent not required for purchase. The Company enjoyed four consecutive months of record site occupancy until the State mandated a Stay-at-Home order on December 3, 2020. However, the Company experienced minimal impact from the COVID-19 pandemic during the period ended March 31, 2021. Enter your details below to be emailed when inventory matching your specifications becomes available. - Finance/Chief Financial Officer, (principal financial officer and principal accounting officer), Jay Jamison, General Manager/Chief Executive Officer. We are the original owners. these are still light compared to the summer high season when locals and tourists flock to the beautiful beaches. The accompanying notes are an integral part of these financial statements. If you are interested in receiving any financial information from the company, we encourage you to download documents from these resources. There currently is a Letter of Credit written in favor of the County of San Luis Obispo (the County), California for $416,062 to cover a bond requirement relating to public improvements as part of the Companys construction of a new RV service facility. We have moved to Southern California and need to sell our Harmony Ridge Resort membership, located in Nevada City, CA. Msg & data rates may apply. RV Services Situated midway between San Francisco and Los Angeles in beautiful Pismo Beach, Pismo Coast Village RV Resort needs only to be seen to be appreciated. It is substantially less in scope than an audit conducted in accordance with standards of the PCAOB, the objective of which is the expression of an opinion regarding the interim financial statements taken as a whole.