Head out of your timeshare to go ATV riding along sand dunes for great pictures and for a memorable day. If the Company fails to complete the required public improvements, monies will be drawn from the credit line to satisfy the County. On April 28, 2020, the Company (the Borrower) was granted a loan in the aggregate amount of $553,802, pursuant to the Paycheck Protection Program (the PPP) under Division A, Title I of the CARES Act, which was enacted March27, 2020. Management did not identify any subsequent events that required disclosure. Buyers are advised to confirm all data provided. Copyright 2023 California Regional Multiple Listing Service, Inc. All rights reserved. For performance obligations related to the Company accommodations and other ancillary goods and services, control transfers to the customer at a point in time. Camp for free at beautiful resort at Gettysburg historic area. You can also share your RV campground experience with loved ones by authorizing their use of the RV. Cost: $1800 or best offer includes annual dues and maintenance fees. The Company is the sponsor of a 401(k) profit sharing pension plan, which covers substantially all full-time employees. {{current_weather.dt | momentjs( atts.date )}}, https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. There have not been any changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) promulgated by the SEC under the 1934 Act) during the six-months ended March 31, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 2 Baths. The geographic nature of the revenue could affect the nature, timing, amount and uncertainty of revenue and cash flows. and Stockholders of Pismo Coast Village, Inc. Each office independently owned and operated. Thousand Trails Membership Elite membership for sale, purchased out right from mother in law who passed away. On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. ITEM 2. Call 603-883-8626 or 1-800-640-6886 for assistance. 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. 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. . The Company has been fortunate not to have significant impact due to economic volatility. Unwind next to the swimming pool or in the hot tub before preparing dinner at one of the BBQ grills. By using this website, you agree to our Terms of Use. We are the leading timeshare resale marketplace and you can find the best deals from private owners selling timeshares at BuyaTimeshare.com. The Company has also maintained a line of credit of $500,000 to ensure funds will be available, if required. Depreciation of property and equipment is computed using the straight line method based on the cost of the assets, less allowance for salvage value, where appropriate. 170 Branch St #374, Pismo Beach, CA 93449 Zillow. Very motivated sellers-we are relocating. Motor home sold makes this membership available. Finally, the Company collects Transient Occupancy Taxes (TOT) and Tourism Business Improvement District (TBID) assessments from guests which are remitted to the City of Pismo Beach and County of San Luis Obispo and are excluded from revenues. This order limited non-essential travel, and caused significant cancelations for December 2020 and January 2021. Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. Income before provision for income tax for the three-month period ended March 31, 2021, increased by $440,631, reflecting increased total income compared to the previous year and decreased operating expenses. Your search does not match any homes. Refunds related to services are generally recognized as an adjustment to the transaction price at the time the resort stay occurs or services are rendered. workout room, clubhouse and trailer rentals. 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 2 Beds. Choose from a variety of sumptuous restaurants ranging from bar and grill establishments to farm-to-table places, or even small cafes for a more intimate dining experience. The Company enjoyed four consecutive months of record site occupancy until the State mandated a Stay-at-Home order on December 3, 2020. This increase in site revenue reflects paid site occupancy due to the COVID-19 crisis. The San Luis Obispo Children's Museum lets little ones have fun while learning with interactive displays and educational exhibits based on play. Enter your details below to be emailed when inventory matching your specifications becomes available. Interest Expense for the three-months ended March 31, 2021, is $3,985, compared to $4,801 for the same period in 2020. Premier Membership with cabin package. 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. Dinosaur Caves Park offers a fun playground along with an old-time band-shell that features occasional free concerts. Toll Free: 877-624-6889. Generous square footage, luxurious linens and indulgent mattresses ensure a remarkable experience. In Pismo Beach, you'll find miles of white sand beaches, sparkling blue waters, blazing orange and pink sunsets, and glorious coastal scenery to help wash your cares away. We have a national one we can no longer use. All undisputed payables have been paid in full according to the Company's policy. Pismo Coast Village RV Resort Timeshare Resales 165 South Dolliver Street, Pismo Beach, California, 93449, United States Sell Your Timeshare Timeshares For Sale Get Price Alerts Make Offer Prev Next 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. 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. Really nice package for price. These capital expenditures are expected to increase the Resort's value to its shareholders and the general public. Your browser is out of date or unsupported. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. We have camped at Pismo Coast Village before and wonder about the merits of owning a share or not. and consent for Timeshare Broker Associates to send me offers at the above phone number. The increase in the RV Service program revenue reflects effort to target new business and new inventory. 909-792-3774 The Company expects the note payable to be forgiven. Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. 2022 Annual Report: This report is an analysis which discusses the Companys financial condition as of September 30, 2022, compared with September 30, 2021. https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, Companys Code of Ethics: This codes covers a wide range of business practices and procedures. RVing offers an affordable outdoor recreational experience, and the Company provides quality facilities and services in a highly popular location. Funds from the loan may only be used for payroll costs, costs used to continue group health care benefits, mortgage payments, rent, utilities, and interest on other debt obligations incurred before February 15, 2020. You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. WorldMark Pismo Beach. The Companys commitment to quality, value, and enjoyment is underscored by the businesss success due to word of mouth and referrals from guests. International: 1-603-516-0200, 100 Ocean View Ave., Pismo Beach, California, 93449. ITEM 3. Rental expense under this operating lease is. LP Gas, Photo Gallery sig. All Rights Reserved. Stays at preserves can be reserved 90 days in advance and can be up to 14 days. If you have a disability that is preventing you from experiencing this Notes to Financial Statements (Unaudited). On California's Central Coast lies gorgeous Pismo Beach. Cleanliness 4.5. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. Unlike organizations such as Thousand Trails, Pismo Coast Village is owned by shareholders. This condition could limit the Company's ability to pass through inflationary increases in operating costs at higher rates. Pismo Bowl provides a fun and unique bowling experience on lanes that are among some of the oldest in California. 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. Lovely resort with amenities for the whole family! RV Services 89,380 were here. Close to gold county towns Grass Valley and Nevada City, Empire Mine State Park, Nevada County Fairgrounds, wineries, and Lake Tahoe within an hour for a scenic drive. QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the quarterly period ended March 31, 2021, TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934, For the transition period from __________ to ___________, (Exact name of registrant as specified in its charter), California 95-2990441, (State or other jurisdiction of (IRS Employer ID No. 213 reviews. Accordingly, actual results could differ from those estimates. Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. Search for. Do Not Sell or Share My Personal Information. Dues PAID thru 9/1/2013, a plus. A balance of $83,938 is available if the Company requires additional funding from the line of credit. 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. The General Store is a Hub of Activity Each share of stock is intended to provide the shareholder with free use of the resort for a maximum of 45 days per year. It's an incredibly scenic stretch of coastline that's dotted with charming coastal cottages. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the 1934 Act is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms. Income from resort operations for the three-month period ended March 31, 2021, increased $340,980, or 24.1%, above the same period in 2020. With that you become an owner with no annual fees or dues, and you get 45 days of stay each year. It's the ideal place to enjoy a classic beach getaway thanks to its beautiful coastline, sparkling waters and fun attractions. Points are not available against this searching criteria. Never pay an upfront fee and let us take the hassle out of selling your Pismo Beach timeshare resale. 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. 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, Accordingly, we do not express such an opinion. Sycamore Lodge near Pinehurst, NC and Gettysburg Battlefield, PA Plus Coast to Coast with thousands of affiliates around the USA. YES [ ] NO [ ], Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $77,401, $71,145, and $30,266 in TOT and TBID assessments due to the City of Pismo Beach and the County of San Luis Obispo included in accrued expenses on the combined balance sheet, respectively. International: 1-603-516-0200, Toll Free: 1-877-815-4227 A 2018 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,147, including interest at 4.644% per annum, through September 2024. 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. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. The ownership of a share does not entitle the owner to any interest in any particular site or camping period. More Info. Management continues to place importance upon ongoing review of retail product mix, pricing, attention to service, and staff training. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. Revenue from performance obligations satisfied at a point in time consists of sales related to the Company accommodations and other ancillary goods and services at the location in Pismo Beach, California. Real estate listings held by brokerage firms other than are marked with the IDX icon and detailed information about them include the name of the listing broker and listing agent. Very good. and consent for Timeshare Broker Associates and. Anyone has private shares for sale? To view all of Pismo Coast Villages filings with the SEC, go to sec.gov link below. On the beach, 400 full-hookup sites, general store, restaurant, laundromat,hot showers, complimentary Wi-Fi, heated pool, arcade, bicycle rentals,miniature golf just a short walk to the pier and downtown Pismo Beach. Resort amenities create a truly memorable stay. 3. Events subsequent to March 31, 2021 have been evaluated through May 7, 2021, which is the date the financial statements were available to be issued. The Company has a five-year lease obligation for a copier. PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13, or 15 (d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. The Company has consistently demonstrated an ability to optimize revenues developed from the resort and retail operations during the summer season. When you choose to store your RV onsite, you'll find anticipating your much-loved vacation destination is a more pleasurable experience. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. 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. The resort remained closed until May 22, 2020 at which time the County of San Luis Obispo permitted occupancy to fifty percent. and consent for BuyATimeShare and. You may see more crowds, but. Read More. These risks and uncertainties include, but are not limited to, those relating to competitive industry conditions, California tourism and weather conditions, dependence on existing management, leverage and debt service, the regulation of the recreational vehicle industry, COVID-19 or similar pandemic conditions, domestic or global economic conditions and changes in federal or state tax laws or the administration of such laws. 2023 - Sell A Timeshare - All Rights Reserved Website by. Seasonal fluctuations within this industry are expected, and management projects that income for the fourth quarter will be approximately 40% of its annual revenue. website, call Keeping your RV in its best shape assures a fantastic visit every time. Enter your details below to be emailed when inventory becomes available. The accompanying notes are an integral part of these financial statements. Enter your details below to be emailed when inventory matching your specifications becomes available. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had customer deposits related to prepaid village accommodations of $3,027,365, $2,058,135, and $2,120,707 on the balance sheet as rental deposits, respectively. Some features of this website may not work until you update to a supported browser. Really good price. Pismo Coast Village RV Resort 213 reviews #1 of 5 campgrounds in Pismo Beach Save Share 165 S Dolliver St, Pismo Beach, CA 93449-2901 Check In / / Check Out / / Guests Contact accommodation for availability. Accounts payable and accrued liabilities decreased $2,885 below the same period last year and decreased $314 since the 2020 fiscal year end, which reflects a timing of capital projects and accrued property taxes. The Financial Accounting Standards Board (FASB) issued new guidance that created Topic 606, Revenue from Contracts with Customers, in the Accounting Standards Codification (ASC). In addition, investment for online marketing, ads in the two leading national directories, and trade magazine advertising formulates most of the business-marketing plan. Statements of Income and Retained Earnings, 5. Anyone out there a shareholder in Pismo Coast Investments which owns Pismo Coast RV Village in California? and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. Look for ocean views from a furnished balcony where you can enjoy a breakfast that you prepared in the full kitchen. Rentals Details: 170 Branch St # 374, Pismo Beach, CA 93449-3428 is an apartment unit listed for rent at /mo.The 900 sq. Visit a local winery to sample locally made wines. Once you've decided to buy a Pismo Beach campground membership, everyone will look forward to oceanside camping and memory making experiences. Harmony Ridge Resort, family campgrounds and RV park in northern California includes 100 full and partial hookup sites for RV and tent camping and log cabins. The provision for income taxes for the three and six months ended March 31, 2021 and 2020 is as follows: The Company uses the asset-liability method of computing deferred taxes in accordance with FASB ASC Topic 740. Enter your details below to be emailed when inventory matching your specifications becomes available. Inventory is comprised primarily of finished goods in the general store and in the RV repair shop. Both parks have low yearly . UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS, ITEM 4. Fresh seafood is one of the favorite local cuisines to enjoy. On June 12, 2020, the County of San Luis Obispo allowed lodging businesses to operate at full capacity with restrictions on amenities. 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. If you want to avoid the crowds, then visit Pismo Beach in the winter. This park does allow outside guests. Call 603-883-8626 or 1-800-640-6886 for assistance. The financial statements report only basic earnings per share, as there are no potentially dilutive shares outstanding. Swimming pool, lake, recreational activities, store on site. Value 3.9. The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright 2023 laws. Location 4.6. A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,151, including interest at 4.101% per annum, through December 2025. The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. 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. Income from resort operations for the three-month period ended March 31, 2021, increased $340,980, or 24.1%, above the same period in 2020. Price $1999.99 plus transfer fee of $249.75 Can join R.P.I. Pismo Coast Village RV Resort Timeshares for Sale and Rent 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. $639 for the transfer fees yearly dues of approximately $399. Buyer may receive a title fee credit, inquire for details! Posted By: John Wayne on 12/02/14 07:19pm They are expensive . The General Store was up $75,485, or 32.1%, and RV Service was up $13,450, or 5.1%. 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. To the north of the pier, visitors explore the Shell Beach neighborhood. After 10 years of traveling we are selling our RV and settling in a mobile home park. However, the Company believes that its financial strength and market presence will enable it to remain extremely competitive. STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY, MARCH 31, 2021, MARCH 31, JUNE 30, SEPTEMBER 30, AND DECEMBER 31, 2020. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV resort, you can't go wrong at Pismo Coast Village RV Resort. Washington has a general store, restaurant, clubhouse, marina, gas dock and shower facilities. Migrating monarch butterflies gather here annually, and this is an excellent beach for water sports and ATV riding. Visiting in the spring and fall shoulder seasons promises warmer temperatures. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the 1934 Act is accumulated and communicated to our management, including our principal executive officer and our principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. Due to the nature of business and economic cycles and trends, rates may be adjusted accordingly, if deemed necessary. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS, Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Garry Nelson, President and Chairman of the Board), Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Jay Jamison, Chief Executive Officer and principal executive officer), Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Jerry Roberts, Chief Financial Officer, principal financial officer and principal accounting officer), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Garry Nelson, President and Chairman of the Board), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Jay Jamison, Chief Executive Officer and principal executive officer), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Jerry Roberts, Chief Financial Officer, principal financial officer and principal accounting officer). However, the Company experienced minimal impact from the COVID-19 pandemic during the period ended March 31, 2021. Transfer fee is included. With storage, you can have your RV delivered and set up for you ahead of time. The resort can supply information on the area's attractions and amenities such as 100 Ocean View Ave., Pismo Beach, California, United States. Fall asleep to the sound of crashing waves and smell the salt scented air as you reconnect with family and loved ones in this beautifully landscaped. Revenue from site rentals, storage rental, spotting, and store and accessory sales accounts for approximately 62%, 17%, 5%, and 14% of the Company total revenue for the period ended March 31, 2021, respectively. The Company leases property for RV storage which is located in Oceano and is leased at $3,575 per month. Website Design and Hosting by TXAD Internet. Ongoing investment in resort improvements has assured resort guests and shareholders a top quality, up-to-date facility. Our . Membership provides access to 5 sister sites NC, OH, FL. Your browser is not currently supported. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. Inventory has been valued at the lower of cost or market on a first-in, first-out basis. Floating week of your choice! 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. Whether you decide to sell or buy a timeshare, let us do the work for you! But it's not a timeshare. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. There is also Holiday RV Park which has no shares available but does have a list of shares for sale by owners. Service 4.2. ft. house located at 102 Village Cir, Pismo Beach, CA 93449 sold for $700,777 on Nov 24, 2020. Rates FASB ASC 740 also requires, among other things, the recognition and measurement of uncertain tax positions based on a "more likely than not" (likelihood greater than 50%) approach. You may see more crowds, but. Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by, I give my elec. The shares are personal property and do not constitute an interest in real property. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. A Pismo Beach timeshare lets you enjoy all your favorite activities at your leisure. You can pick a home park from an extensive listing all over the United State when transferred. The Company does not expect any material changes through March 31, 2022. With 400 RV hookup sites, you'll enjoy blissful camping experiences with modern amenities like complimentary wireless Internet and cable television. Pismo Coast Village also offers many great amenities: clean restrooms with hot showers; a General Store complete with your morning coffee freshly brewed; an arcade for the kid in you; a restaurant; a laundromat for those inevitable dirty clothes; a heated pool; bicycle rentals; and even a miniature golf course. Copyright 2023 RV Property. Take a ride on a biplane along the scenic coast for more memory-making fun times. Garry Nelson, President and Chairman of the Board, Jerry Roberts, V.P. 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. Call 603-883-8626 or 1-800-640-6886 for assistance. It is anticipated the published rates will continue to market site usage at its highest value and not negatively impact the Company's ability to capture an optimum market share. 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. Expand your search parameters, or consider Cost of Goods Sold expenses, as a percentage of retail income for the three-months ended March 31, 2021, are 46.5% compared to 44.6% for the same period in 2020.
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