Management continues to review and scrutinize expenses in order to maximize efficiency and profitability. This increase is primarily due to an increase in income, rental deposits, and decrease in capital expenditures. 3. 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. Revenue is recognized when spaces are occupied or goods and services have been delivered or rendered, respectively. For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV Read More, There are hundreds of songs written about California. I also agree to the, I give my elec. 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. Toll Free: 877-624-6889. 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. Revenue is then recognized when the customer stays at the resort. Pismo Coast Village Shares For Sale By Owner | RV Resort - Finance/Chief Financial Officer, (principal financial officer and principal accounting officer), Jay Jamison, General Manager/Chief Executive Officer. and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. Either way, you'll find yourself surrounded by luxury with amenities like spas, shops, restaurants, fitness centers and lounges. 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. Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. The following financial statements and related information are included in this Form 10-Q, Quarterly Report. . 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. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. 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. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. This quality and pride of ownership was evident when the National Association of RV Parks and Campgrounds Park of the Year was awarded to the resort for 2007-08. All Rights Reserved. Increases in transportation and fuel costs or sustained recessionary periods could also unfavorably impact future results. International: 1-603-516-0200, Toll Free: 1-877-815-4227 Financials - Pismo Coast Village RV Resort The note may be prepaid by the borrower at any time prior to maturity with no prepayment penalties. A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,159, including interest at 4.532% per annum, through January 2023. Really good price. Memberships For Sale Page 4 - RV Property Anyone has private shares for sale? 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. I give my elec. and consent for BuyATimeShare and. 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. The accompanying notes are an integral part of these financial statements. Make time to visit Dinosaur Caves Park and Spyglass Park to make the most of the views, rock formations and the wildflowers on the bluffs. Unwind next to the swimming pool or in the hot tub before preparing dinner at one of the BBQ grills. The General Store revenue was up $39,301, or 36.0%, and RV Service revenue increased $511, or 0.4%, from the previous year. You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. Keeping your RV in its best shape assures a fantastic visit every time. The majority of the balance is due to timing differences of depreciation expense, caused by the use of accelerated depreciation methods for tax calculations. 2 Baths. 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. Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. 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. Keeping your RV in its best shape assures a fantastic visit every time. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS, ITEM 4. and consent for BuyATimeShare and. 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. (805) 773-1507. these are still light compared to the summer high season when locals and tourists flock to the beautiful beaches. Web Design and SEO by: Advanced Internet Management, Please wait we are loading some suggestions for you, I give my elec. Dinosaur Caves Park offers a fun playground along with an old-time band-shell that features occasional free concerts. 140 S DOLLIVER ST SPC 127, Pismo Beach, CA 93449. Value 3.9. 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. International: 1-603-516-0200, 100 Ocean View Ave., Pismo Beach, California, 93449. I also agree to the. CAPITAL RESOURCES AND PLANNED EXPENDITURES. Search Page General | SellMyTimeshareNow This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer/General Manager (our principal executive officer) and our Chief Financial Officer (our principal financial officer). The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. Management did not believe an allowance for doubtful accounts was necessary as of March 31, 2021, September 30, 2020, and March 31, 2020. 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. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. I give my elec. Cost only $995.00 for transfer fees. If you have a disability that is preventing you from experiencing this 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 Whether you decide to sell or buy a timeshare, let us do the work for you! Web Design and SEO by: Advanced Internet Management Resort Operations Income for the six-months ended March 31, 2021, increased $548,348, or 18.5%, from the same period ended March 31, 2020. It's the ideal place to enjoy a classic beach getaway thanks to its beautiful coastline, sparkling waters and fun attractions. The Company has a five-year lease obligation for a copier. We have camped at Pismo Coast Village before and wonder about the merits of owning a share or not. 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. Pismo Coast Village | Pismo Beach CA - Facebook 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. Accordingly, actual results could differ from those estimates. For the six-months ended March 31, 2021, Cost of Goods Sold expenses were 46.9 % compared to 45.9% the previous year. All rights reserved. Posted By: John Wayne on 12/02/14 07:19pm They are expensive . ITEM 3. 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. Start your tour of the area on the Pismo Beach Pier. Sell, rent, or buy a Pismo Beach timeshare for sale on the resale market and save thousands over resort retail pricing! We couldn't find any timeshares matching your search term, but we can notify you when we have new timeshares for purchase or rental. Enter your details below to be emailed when inventory matching your specifications becomes available. 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. View more property details, sales history Location 4.6. 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. sig. When it first. 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 technical storage or access that is used exclusively for anonymous statistical purposes. Contact Pismo Coast Village RV Resort Specialist Today! 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. 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. They currently have 6 or 7 shares available going for $32,550 each. 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. Do Not Sell or Share My Personal Information. Pismo Coast Village RV Resort Timeshare Resales You may see more crowds, but. Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by, I give my elec. The accompanying notes are an integral party of these financial statements. This seems high but it's not a membership. Due to the age of the Resort, the Company is undertaking maintenance activity that is considered necessary in order to continue providing quality facilities and services. 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. The shares are personal property and do not constitute an interest in real property. 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. Web Design and SEO by: Advanced Internet Management. The Company does not recognize revenue when a customer prepays for resort accommodations. 100 Ocean View Ave., Pismo Beach, California, 93449. View all View all photos (99) Traveler (91) Pool & Beach (18) Room & Suite (2) About 4.0 Pismo Coast Village RV Resort 165 South Dolliver Street, Pismo Beach, CA 93449 US . Statements of Income and Retained Earnings, 5. Visiting in the spring and fall shoulder seasons promises warmer temperatures. 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. Dues PAID thru 9/1/2013, a plus. The Company develops its income from two sources: (a) Resort Operations, consisting of revenues generated from RV site rentals, from RV storage space operations, and from lease revenues from laundry and arcade operations by third party lessees; and (b) Retail Operations, consisting of revenues from General Store operations and from RV parts and service operations. These capital expenditures are expected to increase the Resort's value to its shareholders and the general public. 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. Copyright 2023 RV Property. An authentic California beach town getaway is the perfect escape from the bustle of everyday life. If the Company is unable to generate sufficient funds from the public, the Company may be required to charge shareholders for services. 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. 2023 - Sell A Timeshare - All Rights Reserved Website by. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. These levels are well within the guidelines established by management for the individual category sales of RV supplies and General Store merchandise. Transfer fee is included. 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. 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. You can pick a home park from an extensive listing all over the United State when transferred. Rental expense under this operating lease is. On March 11, 2020, the World Health Organization declared the outbreak of a coronavirus (COVID-19) a pandemic. Busy season is in summer when people are out enjoying California's famous sun and surf. We want $1200 for the membership plus the buyer pays approx. Pismo Beach timeshares invite families to enjoy classic California beach adventures they'll never forget. Each office is independently owned and operated. If you want to avoid the crowds, then visit Pismo Beach in the winter. MLS# SP20219611. 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. A shareholder is entitled to a pro rata share of any dividends as well as a pro rata share of the assets of the Company in the event of its liquidation or sale. With a Pismo Beach timeshare resale, visiting with a guaranteed comfortable stay is a breeze. 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. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. 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. Consent not required for purchase. Income from Retail Operations for the six-month period ending March 31, 2021, increased by $88,936, or 17.9%, over the previous year. Great for cool summer getaways. Good Sam Club Open Roads Forum: Beginning RVing: Pismo Coast Village 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. Potlatch Resort in historic LaConner, Washington has swimming pool, Jacuzzi, Your new yearly membership fee is $500. Click the button below to proceed. boat and trailer rentals. Points are not available against this searching criteria. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. The new guidance also added Subtopic 340-40, Other Assets and Deferred Costs-Contracts with Customers, to the ASC to require the deferral of incremental costs of obtaining a contract with a customer. You can also share your RV campground experience with loved ones by authorizing their use of the RV. The Company has a revolving line of credit with Pacific Premier Bank (formerly Heritage Oaks Bank) for $500,000, expiring April 1, 2021. YES [ ] NO [ ], Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date. This order limited non-essential travel, and caused significant cancelations for December 2020 and January 2021. The Company expects the note payable to be forgiven. At March 31, 2021, September 30, 2020, and March 31, 2020, capital lease obligations consisted of the following: NOTE 5: CAPITAL LEASE OBLIGATIONS (continued). 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. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. 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. Its business is seasonal in nature with the fourth quarter, the summer, being its busiest and most profitable. Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. You may see more crowds, but. Read More. Rates 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. Retail revenue, and specifically General Store revenue increased 36.0%, above the same period ended March 31, 2020 due to increased occupancy. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Generous square footage, luxurious linens and indulgent mattresses ensure a remarkable experience. The Company is the sponsor of a 401(k) profit sharing pension plan, which covers substantially all full-time employees. 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. Your browser is out of date or unsupported. Call 603-883-8626 or 1-800-640-6886 for assistance. On June 12, 2020, the County of San Luis Obispo allowed lodging businesses to operate at full capacity with restrictions on amenities. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. Pismo Coast Village Shares Rentals Seasonal fluctuations within this industry are expected, and management projects that income for the fourth quarter will be approximately 40% of its annual revenue. Asking $2500, dues are current, buyer pays transfer fee, 919 933-4606 jradkins@earthlink.net, More Memberships For Sale on the next page. 170 Branch St #374, Pismo Beach, CA 93449 Zillow. Both parks have low yearly . and consent for Timeshare Broker Associates to send me offers at the above phone number. Featured Video The cash balance increased $1,704,783 from fiscal year ended September 30, 2020, due to increase in income, rental deposits, reduction of expenses, and timing of capital expenditures. Resort amenities create a truly memorable stay. Pismo Coast Village RV Resort Timeshare Resales For Sale By Owner Form 10-Q - SEC Call 603-883-8626 or 1-800-640-6886 for assistance. On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. and consent for Timeshare Broker Associates and, Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by. 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. Visiting in the spring and fall shoulder seasons promises warmer temperatures. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. 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. Enter your details below to be emailed when inventory becomes available. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330. Fresh seafood is one of the favorite local cuisines to enjoy. The Company has been fortunate not to have significant impact due to economic volatility. workout room, clubhouse and trailer rentals. The ownership of a share does not entitle the owner to any interest in any particular site or camping period. The increase in the General Store revenue primarily reflects the increased resort occupancy due to COVID-19. 909-792-3774 Funding for these projects is expected to come from normal operating cash flows and, if necessary, supplemented with outside financing. may result in a faster sale of my timeshare. There are several resorts you can use with this membership. We are the original owners. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. 1,440 Sq Ft. Will sell for $5,000, including transfer fee of $700. Pismo Coast Village RV Resort - Sell A Timeshare ft. apartment is a 2 bed, 2.0 bath unit. 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. WorldMark Pismo Beach. to receive alerts when results become available. INTERNAL CONTROL OVER FINANCIAL REPORTING. 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. Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. All property and equipment is recorded at cost. I give my elec. The Company plans capital expenditures up to $200,000 in fiscal year 2021 to further enhance the Resort facilities and services. 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. 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. ITEM 2. Copyright 2023 North Santa Barbara County Regional MLS. 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, nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. The Company enjoyed four consecutive months of record site occupancy until the State mandated a Stay-at-Home order on December 3, 2020. 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. Inventory is comprised primarily of finished goods in the general store and in the RV repair shop. Stays at preserves can be reserved 90 days in advance and can be up to 14 days. Interest Expense for the three-months ended March 31, 2021, is $3,985, compared to $4,801 for the same period in 2020. Then, those member banks issue CDs in amounts under $250,000, so that the entire deposit balance is eligible for FDIC insurance. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. Each share of stock is intended to provide the shareholder with free use of the resort for a maximum of 45 days per year. 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. Service 4.2. Please contact Lloyd or Marilyn Philipps at 520 722-1782 or email azgalnow@yahoo.com . 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. 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. sig. The General Store was up $75,485, or 32.1%, and RV Service was up $13,450, or 5.1%. For purposes of the statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. 1000 Trails/ Naco Alliance Membership for sale. . Pismo Beach feels like going home | The Spokesman-Review Buyer may receive a title fee credit, inquire for details! 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. #1 of 5 Specialty lodging in Pismo Beach. Intl: (407) 917-8432. 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. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. 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. 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. Cleanliness 4.5. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. Your search does not match any homes. RVing offers an affordable outdoor recreational experience, and the Company provides quality facilities and services in a highly popular location. 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 Enter your details below to be emailed when inventory matching your specifications becomes available.
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