Timeshare accommodations include hotel-style rooms as well as multi-bedroom condos and villas. The Company has also maintained a line of credit of $500,000 to ensure funds will be available, if required. YES [X] NO [ ]. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. See more of Pismo Coast Village on Facebook Once you've decided to buy a Pismo Beach campground membership, everyone will look forward to oceanside camping and memory making experiences. It's the ideal place to enjoy a classic beach getaway thanks to its beautiful coastline, sparkling waters and fun attractions. There is also Holiday RV Park which has no shares available but does have a list of shares for sale by owners. 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. We conducted our review in accordance with the standards of the PCAOB. Both parks have low yearly . Pismo Coast Village Inc - Company Profile and News Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. The Company continues to promote and depend upon recreational vehicle camping as the primary source of revenue. 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. Amenities include: * adult clubhouse * swimming pool and family spa * horseshoes and shuffleboard court * volleyball, basketball * children`s fishing * both teen and children`s recreation rooms * picnic areas, cafe * playground. Form 10-Q - SEC The San Luis Obispo Children's Museum lets little ones have fun while learning with interactive displays and educational exhibits based on play. 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. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. Topic 606 supersedes the revenue recognition requirements in FASB ASC 605, Revenue Recognition, and requires the recognition of revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. Seasonal fluctuations within this industry are expected, and management projects that income for the fourth quarter will be approximately 40% of its annual revenue. Everyone will appreciate a convenient General Store right on the property for those creature comforts that make vacations enjoyable. Looking For a Reasonably-priced TT Membership? 2023 - Sell A Timeshare - All Rights Reserved Website by. This approximation is based on historical information. 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. 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. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. 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. 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 accompanying notes are an integral party of these financial statements. 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. Sales taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shane Adams - Anyone has private shares for sale? | Facebook Depreciation rates are based upon the following estimated useful lives: Furniture, fixtures, equipment and leasehold improvements. Shoppers love the Pismo Beach Premium Outlets with its outstanding collection of designer names. Consent not required for purchase. The Company uses the asset-liability method of computing deferred taxes in accordance with ASC Income Taxes topic. ASC 740 requires, among other things, that if income is expected for the entire year, but there is a net loss to date, a tax benefit is recognized based on the annual effective tax rate. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. Buyer may receive a title fee credit, inquire for details! We are the leading timeshare resale marketplace and you can find the best deals from private owners selling timeshares at BuyaTimeshare.com. Staples are available along with niceties like donuts, coffee, newspapers, beach toys for kids, and necessities for the beach like suntan lotion. 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. Travel Resorts of America/Coast to Coast Lifetime membership in two campgrounds, may result in a faster sale of my timeshare. International: 1-603-516-0200, 100 Ocean View Ave., Pismo Beach, California, 93449. Financials - Pismo Coast Village RV Resort 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. To the north of the pier, visitors explore the Shell Beach neighborhood. DISCLOSURE CONCERNING WEBSITE ACCESS TO COMPANY REPORTS. On California's Central Coast lies gorgeous Pismo Beach. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. 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 Company expects the note payable to be forgiven. Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. Never pay an upfront fee and let us take the hassle out of selling your Pismo Beach timeshare resale. Potlatch Resort in historic LaConner, Washington has swimming pool, Jacuzzi, Toll Free: 877-624-6889. 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. FOR SALE; these are still light compared to the summer high season when locals and tourists flock to the . 1,775. This website uses cookies to ensure that you get the best experience on our website. Transfer fee is included. 89,380 were here. Sign up to receive the latest deals and updates! To view all of Pismo Coast Villages filings with the SEC, go to sec.gov link below. When it first. STATEMENTS OF OPERATIONS AND RETAINED EARNINGS, THREE AND SIX MONTHS ENDED MARCH 31, 2021 AND 2020, Change in unrealized holding gains on available-for-sale securities, net of change in applicable deferred taxes. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. Pismo Coast Village has no shares available. 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. With that you become an owner with no annual fees or dues, and you get 45 days of stay each year. But it's not a timeshare. website, call I also agree to the, I give my elec. The shares are personal property and do not constitute an interest in real property. 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. Call 603-883-8626 or 1-800-640-6886 for assistance. 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. A balance of $83,938 is available if the Company requires additional funding from the line of credit. Enter your details below to be emailed when inventory matching your specifications becomes available. CAPITAL RESOURCES AND PLANNED EXPENDITURES. 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. Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, 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. 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. 165 South Dolliver Street, Pismo Beach, California, 93449, United States, experience a successful sale on the timeshare resale market. 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. Notes to Financial Statements (Unaudited). ft. house located at 102 Village Cir, Pismo Beach, CA 93449 sold for $700,777 on Nov 24, 2020. The General Store was up $75,485, or 32.1%, and RV Service was up $13,450, or 5.1%. All undisputed payables have been paid in full according to the Company's policy. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. Call 603-883-8626 or 1-800-640-6886 for assistance. {{current_weather.dt | momentjs( atts.date )}}, https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf. Includes unlimited day use and overnight camping. Really good price. The General Store is a Hub of Activity Pismo Bowl provides a fun and unique bowling experience on lanes that are among some of the oldest in California. sig. Web Design and SEO by: Advanced Internet Management. 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. The technical storage or access that is used exclusively for statistical purposes. You may see more crowds, but. Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by, I give my elec. - Finance/Chief Financial Officer, (principal financial officer and principal accounting officer), Jay Jamison, General Manager/Chief Executive Officer. Search for. 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. 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. With 400 RV hookup sites, you'll enjoy blissful camping experiences with modern amenities like complimentary wireless Internet and cable television. You are one of the 1800 owners. A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,151, including interest at 4.181% per annum, through May 2025. Pismo Coast Village RV Resort Timeshare Resales For Sale By Owner ITEM 2. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK. (800) 525-7452. Really nice package for price. These interim financial statements are the responsibility of the Companys management. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $6,098, $6,096 and $6,094 of cash equivalents. Each office is independently owned and operated. Anyone out there a shareholder in Pismo Coast Investments which owns Pismo Coast RV Village in California? and Stockholders of Pismo Coast Village, Inc. 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. Points are not available against this searching criteria. For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV Read More, There are hundreds of songs written about California. workout room, clubhouse and trailer rentals. The Company does not expect any material changes through March 31, 2022. The Arroyo Grande Valley and Edna Valley wine regions are a short drive away as is renowned Hearst Castle, which is a favorite destination for lovers of history, art and architecture. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. 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. All kids enjoy days at the beach strolling along sandy shores, digging for clams with a permit, playing sand volleyball, and building sand castles. RV storage and towing continue to be a primary source of revenue for the Company and is even year-to-date compared to last year. As required by Rule 13a-15 under the Securities Exchange Act of 1934 (the "1934 Act"), as of March 31, 2021, we carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures. All Rights Reserved. Management continues to review and scrutinize expenses in order to maximize efficiency and profitability. 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. boat and trailer rentals. Intl: (407) 917-8432. Website Design and Hosting by TXAD Internet. Willow Bay Resort and Marina, on Long Lake, Tum Tum, 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. Due to the nature of the business, the Companys revenue is not significantly impacted by refunds. A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. 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. INTERNAL CONTROL OVER FINANCIAL REPORTING. I give my elec. Search Page General | SellMyTimeshareNow Great for cool summer getaways. The General Store revenue was up $39,301, or 36.0%, and RV Service revenue increased $511, or 0.4%, from the previous year. 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. Fresh seafood is one of the favorite local cuisines to enjoy. More Info. Employer contributions are discretionary and are determined on an annual basis. Fees are paid thru Dec 31, 2012. The technical storage or access that is used exclusively for anonymous statistical purposes. 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. Unlike organizations such as Thousand Trails, Pismo Coast Village is owned by shareholders. Motor home sold makes this membership available. Toll Free: 1-877-815-4227 This park does allow outside guests. Cost: $1800 or best offer includes annual dues and maintenance fees. cchris1981@verizon.net. Company profile page for Pismo Coast Village Inc including stock price, company news, press releases, executives, board members, and contact information 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. 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). 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. On March 11, 2020, the World Health Organization declared the outbreak of a coronavirus (COVID-19) a pandemic. Visiting in the spring and fall shoulder seasons promises warmer temperatures. Stays at preserves can be reserved 90 days in advance and can be up to 14 days. The ownership of a share does not entitle the owner to any interest in any particular site or camping period. 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. Pismo Coast Village Shares For Sale By Owner | RV Resort Great fishing is available, along with windsurfing, beachcombing, and waterskiing. RVing offers an affordable outdoor recreational experience, and the Company provides quality facilities and services in a highly popular location.
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