The resort can supply information on the area's attractions and amenities . 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. Call 603-883-8626 or 1-800-640-6886 for assistance. Retail revenue, and specifically General Store revenue increased 36.0%, above the same period ended March 31, 2020 due to increased occupancy. I give my elec. RV servicing you'll find at Pismo Coast Village RV Resort includes propane gas, RV wash and wax, service calls on site, winterization services and preventative maintenance. On California's Central Coast lies gorgeous Pismo Beach. Call 603-883-8626 or 1-800-640-6886 for assistance. Listing by Real Estate One - Greg Beck. Transfer fee is included. I give my elec. Intl: (407) 917-8432. The accompanying notes are an integral part of these financial statements. 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. Each office is independently owned and operated. I also agree to the, I give my elec. Travel Resorts of America/Coast to Coast Lifetime membership in two campgrounds, 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. Includes unlimited day use and overnight camping. Unlike organizations such as Thousand Trails, Pismo Coast Village is owned by shareholders. Web Design and SEO by: Advanced Internet Management. 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. 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. Choose the atmosphere of your choice. (805) 773-1811 This website uses cookies to ensure that you get the best experience on our website. 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. 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. 5 Star RV Resort in Banning Ca. Income from retail operations for the three-month period ended March 31, 2021, increased $39,813, or 16.9%, above the same period in 2020. Call 603-883-8626 or 1-800-640-6886 for assistance. 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. 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. Msg & data rates may apply. International: 1-603-516-0200, Toll Free: 1-877-815-4227 2 Baths. 140 S DOLLIVER ST SPC 127, Pismo Beach, CA 93449. Cleanliness 4.5. The Company enjoyed four consecutive months of record site occupancy until the State mandated a Stay-at-Home order on December 3, 2020. 102 Village Cir, Pismo Beach, CA 93449 | MLS# SP20219611 | Redfin Search Page General | SellMyTimeshareNow ** The Official Facebook Page of Pismo Coast Village RV Resort ** Beachfront 400 campsites full. 1,440 Sq Ft. 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. Pismo Coast Village RV Resort Timeshare Resales For Sale By Owner 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. Pismo Coast Village Shares Rentals By using this website, you agree to our Terms of Use. For the six-months ended March 31, 2021, Cost of Goods Sold expenses were 46.9 % compared to 45.9% the previous year. If the Company fails to complete the required public improvements, monies will be drawn from the credit line to satisfy the County. We have camped at Pismo Coast Village before and wonder about the merits of owning a share or not. The Company has a five-year lease obligation for a copier. This decrease reflects payroll taxes, employee insurance benefits, workers compensation, employee travel/training, legal fees, WiFi expense, repairs and maintenance, vehicle expense, and recreation expense. [ ] Large accelerated filer [ ] Accelerated filer, [X] Non-accelerated filer [X] Smaller reporting company, Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Pismo Beach Timeshares For Sale - Sell or Buy Timeshare Resale The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. 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. In our opinion, the information set forth in the accompanying balance sheet as of September 30, 2020, is fairly stated, in all material respects, in relation to the balance sheet from which it has been derived. Generous square footage, luxurious linens and indulgent mattresses ensure a remarkable experience. With 400 RV hookup sites, you'll enjoy blissful camping experiences with modern amenities like complimentary wireless Internet and cable television. For performance obligations related to the Company accommodations and other ancillary goods and services, control transfers to the customer at a point in time. Pismo Creek RV Resortprovides wonderful Read More, Copyright 2023 - Official BUY A TIMESHARE - Vacation Property Resales Inc - All Rights Reserved Terms and ConditionsSMS Terms and ConditionsPrivacy PolicyCompliance. Sell, rent, or buy a Pismo Beach timeshare for sale on the resale market and save thousands over resort retail pricing! Membership was established in 2004. 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. View all View all photos (99) Traveler (91) Pool & Beach (18) Room & Suite (2) About 4.0 Enjoy a miniature golf course, general store, restaurant that is open seasonally, a heated pool, laundromat, bike rentals and an arcade. . Interest Expense for the three-months ended March 31, 2021, is $3,985, compared to $4,801 for the same period in 2020. FOR SALE; these are still light compared to the summer high season when locals and tourists flock to the . This increase is primarily due to an increase in income, rental deposits, and decrease in capital expenditures. Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. Rates 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. Thousand Trails Membership Elite membership for sale, purchased out right from mother in law who passed away. Web Design and SEO by: Advanced Internet Management, Please wait we are loading some suggestions for you, I give my elec. I give my elec. Due to the uncertainty surrounding the recent COVID-19 pandemic, the length and severity of the outbreak, and the volatility in the world investment markets, there is uncertainty as to how these events will affect results of the Companys operations going forward. 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. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made herein. 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. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS, ITEM 4. 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. It's an incredibly scenic stretch of coastline that's dotted with charming coastal cottages. INTERNAL CONTROL OVER FINANCIAL REPORTING. and Stockholders of Pismo Coast Village, Inc. Fresh seafood is one of the favorite local cuisines to enjoy. cchris1981@verizon.net. 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. ITEM 2. The Company does not expect any material changes through March 31, 2022. 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. and consent for Timeshare Broker Associates to send me offers at the above phone number. Site Map The General Store revenue was up $39,301, or 36.0%, and RV Service revenue increased $511, or 0.4%, from the previous year. 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. In March of 2020 there was a negative impact on paid occupancy, while the quarter ending March 31, 2021 reflects a 28% increase in paid occupancy over 2020. The Financial Accounting Standards Board (FASB) issued new guidance that created Topic 606, Revenue from Contracts with Customers, in the Accounting Standards Codification (ASC). Take a ride on a biplane along the scenic coast for more memory-making fun times. Never pay an upfront fee and let us take the hassle out of selling your Pismo Beach timeshare resale. LP Gas, Photo Gallery The technical storage or access that is used exclusively for statistical purposes. Cost only $995.00 for transfer fees. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. 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. Copyright 2023 North Santa Barbara County Regional MLS. 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. Enter your details below to be emailed when inventory matching your specifications becomes available. The Company continues to promote and depend upon recreational vehicle camping as the primary source of revenue. You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. We want $1200 for the membership plus the buyer pays approx. 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. You are one of the 1800 owners. Popular pastimes in the area include surfing, kayaking and dune buggy rides. See more of Pismo Coast Village on Facebook Pismo Coast Village | Pismo Beach CA - Facebook Revenue is then recognized when the customer stays at the resort. WorldMark Pismo Beach. YES [ ] NO [X], APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY. RV storage provides numerous benefits to the customer including: no stress of towing, no need to own a tow vehicle, use of RV by multiple family members, and convenience. The geographic nature of the revenue could affect the nature, timing, amount and uncertainty of revenue and cash flows. Camp for free at beautiful resort at Gettysburg historic area. 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. Pismo Beach timeshares can promise ocean views and all of the comforts of home. Cost: $1800 or best offer includes annual dues and maintenance fees. 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. The Company has a revolving line of credit with Pacific Premier Bank (formerly Heritage Oaks Bank) for $500,000, expiring April 1, 2021. For the six-month period ending March 31, 2021, operating expenses decreased by $120,254, or 4.4%, below the same period in 2020. Garry Nelson, President and Chairman of the Board, Jerry Roberts, V.P. Rather, the Company records a deferred revenue liability equal to the amount received. 213 reviews. 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. Depreciation rates are based upon the following estimated useful lives: Furniture, fixtures, equipment and leasehold improvements. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. All rights reserved. Dues PAID thru 9/1/2013, a plus. Asking $2500, dues are current, buyer pays transfer fee, 919 933-4606 jradkins@earthlink.net, More Memberships For Sale on the next page. Statements of Income and Retained Earnings, 5. The Company expects the RV service facility project to be completed and bond satisfied by June 30, 2021. RV Services The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. 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. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. 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. Amortization expense on assets under capital lease was $37,891 and $32,415 for the six months ended March31, 2021 and 2020, respectively, and $19,035 and $16,206 for the three months ended March 31, 2021 and 2020, respectively. Posted By: John Wayne on 12/02/14 07:19pm They are expensive . Pismo Bowl provides a fun and unique bowling experience on lanes that are among some of the oldest in California. The Company does not recognize revenue when a customer prepays for resort accommodations. Although the supply-demand balance generally remains favorable, future-operating results could be adversely impacted by weak demand. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. CAPITAL RESOURCES AND PLANNED EXPENDITURES. We are the leading timeshare resale marketplace and you can find the best deals from private owners selling timeshares at BuyaTimeshare.com. 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 information furnished reflects all adjustments, which, in the opinion of management, are necessary to a fair statement of the results for the interim periods. Rental expense under this operating lease is. 1,775. sig. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. The Company follows the policy of charging the costs of non-direct advertising as incurred. Everyone will appreciate a convenient General Store right on the property for those creature comforts that make vacations enjoyable. Lovely resort with amenities for the whole family! Premier Membership with cabin package. General Store The San Luis Obispo Children's Museum lets little ones have fun while learning with interactive displays and educational exhibits based on play. Pending. and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. Once you've decided to buy a Pismo Beach campground membership, everyone will look forward to oceanside camping and memory making experiences. 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. 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. Timeshare accommodations include hotel-style rooms as well as multi-bedroom condos and villas. ft. apartment is a 2 bed, 2.0 bath unit. {{current_weather.dt | momentjs( atts.date )}}, https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf. The shares are personal property and do not constitute an interest in real property. These levels are well within the guidelines established by management for the individual category sales of RV supplies and General Store merchandise. Start your tour of the area on the Pismo Beach Pier. 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. Consider Pismo Beach timeshares when you're ready to soak up the sun and play in the surf. (805) 773-1507. PCVs financial information is always readily available for your review. Your search does not match any homes. Keeping your RV in its best shape assures a fantastic visit every time. The Company began canceling reservations on March 19, 2020 and closed the park on March 23, 2020. 100 Ocean View Ave., Pismo Beach, California, 93449. The Company plans capital expenditures up to $200,000 in fiscal year 2021 to further enhance the Resort facilities and services. Fees are paid thru Dec 31, 2012. Very good. These interim financial statements are the responsibility of the Companys management. Web Design and SEO by: Advanced Internet Management. Great for cool summer getaways. Toll Free: 1-877-815-4227 Form 10-Q - SEC The Company anticipates positive performance in income from retail operations as the resort reopens for business following restrictions due to the COVID-19 pandemic. Price $1999.99 plus transfer fee of $249.75 Can join R.P.I. 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). 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. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. Enter your details below to be emailed when inventory becomes available. 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. 2 Beds. 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. Results of Review of Interim Financial Information. Featured Video 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. Anyone has private shares for sale? 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 public may read and copy any of the materials filed with the Securities and Exchange Commission on official business days during the hours of 10:00 a.m. to 3:00 p.m., at the SEC's Public Reference Room located at 100 F Street, N. E., Washington, D.C. 20549. Revenue primarily consists of recreational camping space rentals, revenue from recreational vehicle storage space and RV service and repairs, food and beverage sales and other ancillary goods and services.