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. Based upon and as of the date of that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as described in Item 8A(T) included with our Annual Report on Form 10-K for the year ended September 30, 2020. Call 603-883-8626 or 1-800-640-6886 for assistance. After 10 years of traveling we are selling our RV and settling in a mobile home park. ITEM 2. We want $1200 for the membership plus the buyer pays approx. The Company does not have any significant financing components. Never pay an upfront fee and let us take the hassle out of selling your Pismo Beach timeshare resale. Management did not identify any subsequent events that required disclosure. and consent for BuyATimeShare and. PDF THE BASICS PCV SHAREHOLDER STEP ONE OF TRANSFERS - Pismo Coast Village Cleanliness 4.5. 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 features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. Web Design and SEO by: Advanced Internet Management The Company has consistently demonstrated an ability to optimize revenues developed from the resort and retail operations during the summer season. 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. 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. Toll Free: 1-877-815-4227 We are the leading timeshare resale marketplace and you can find the best deals from private owners selling timeshares at BuyaTimeshare.com. Accordingly, we do not express such an opinion. 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. 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. The technical storage or access that is used exclusively for statistical purposes. However, because Pacific Premier Bank is a member of the Certificate of Deposit Account Registry Service (CDARS), large deposits are divided into smaller amounts and placed with other FDIC insured banks which are also members of the CDARS network. The accompanying notes are an integral part of these financial statements. When it first. We have reviewed the balance sheets of Pismo Coast Village, Inc., (the Company) as of March 31, 2021 and 2020, and the related statements of operations, and statement of changes in stockholders equity for the six-month periods ended March 31, 2021 and 2020, and statements of cash flows for the six-month periods then ended, and the related notes (collectively referred to as the interim financial statements). Future minimum lease payments under this obligation are as follows: Rent expense under these agreements was $23,953 and $2,483 for the six months ended March 31, 2021 and 2020, respectively, and $11,987 and $1,241 for the three months ended March 31, 2021 and 2020, respectively. Popular pastimes in the area include surfing, kayaking and dune buggy rides. STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY, MARCH 31, 2021, MARCH 31, JUNE 30, SEPTEMBER 30, AND DECEMBER 31, 2020. 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. However, the Company believes that its financial strength and market presence will enable it to remain extremely competitive. Revenue is recognized when spaces are occupied or goods and services have been delivered or rendered, respectively. Resort amenities create a truly memorable stay. With a Pismo Beach timeshare resale, visiting with a guaranteed comfortable stay is a breeze. Good Sam Club Open Roads Forum: Beginning RVing: Pismo Coast Village Text msgs. A balance of $83,938 is available if the Company requires additional funding from the line of credit. View more property details, sales history You may see more crowds, but. Read More. 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. Company profile page for Pismo Coast Village Inc including stock price, company news, press releases, executives, board members, and contact information With that you become an owner with no annual fees or dues, and you get 45 days of stay each year. Washington has a general store, restaurant, clubhouse, marina, gas dock and shower facilities. You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. Some features of this website may not work until you update to a supported browser. 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. 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. Thousand Trails Membership Elite membership for sale, purchased out right from mother in law who passed away. 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. We are the original owners. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. The Company has a five-year lease obligation for a copier. 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. 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. Take a ride on a biplane along the scenic coast for more memory-making fun times. 170 Branch St #374, Pismo Beach, CA 93449 Zillow. and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. {{current_weather.dt | momentjs( atts.date )}}, https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf. website, call As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $6,098, $6,096 and $6,094 of cash equivalents. 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. 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 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. Start your tour of the area on the Pismo Beach Pier. Your search does not match any homes. ), 165 South Dolliver Street, Pismo Beach, CA 93449, (Address of Principal Executive Offices) (Zip Code), Registrants telephone number, including area code, (Former name, former address and former fiscal year, if changed since last report), Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. This approximation is based on historical information. 165 South Dolliver Street, Pismo Beach, California, 93449, United States. 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. Great for cool summer getaways. There is also Holiday RV Park which has no shares available but does have a list of shares for sale by owners. A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. 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. Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf, https://www.sec.gov/cgi-bin/browse-edgar?company=pismo+coast+village&CIK=&State=&SIC=&action=getcompany, Reservations Web Design and SEO by: Advanced Internet Management, Please wait we are loading some suggestions for you, I give my elec. Funding for these projects is expected to come from normal operating cash flows and, if necessary, supplemented with outside financing. 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. At March 31, 2021, September 30, 2020, and March 31, 2020, property and equipment included the following: NOTE 3: PROPERTY AND EQUIPMENT (continued), Furniture, fixtures, equipment and leasehold improvements. Memberships For Sale Page 4 - RV Property 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. To view all of Pismo Coast Villages filings with the SEC, go to sec.gov link below. Expand your search parameters, or consider The geographic nature of the revenue could affect the nature, timing, amount and uncertainty of revenue and cash flows. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Revenue from other ancillary goods and services accounts for the remaining 2% of revenue for the period ended March 31, 2021. 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. 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. Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. Visit a local winery to sample locally made wines. 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. All rights reserved. The financial statements report only basic earnings per share, as there are no potentially dilutive shares outstanding. Choose the atmosphere of your choice. 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. Both parks have low yearly . 3. Staples are available along with niceties like donuts, coffee, newspapers, beach toys for kids, and necessities for the beach like suntan lotion. RVing offers an affordable outdoor recreational experience, and the Company provides quality facilities and services in a highly popular location. 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. 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. Unwind next to the swimming pool or in the hot tub before preparing dinner at one of the BBQ grills. WorldMark Pismo Beach. The General Store revenue was up $39,301, or 36.0%, and RV Service revenue increased $511, or 0.4%, from the previous year. CAPITAL RESOURCES AND PLANNED EXPENDITURES. The Company enjoyed four consecutive months of record site occupancy until the State mandated a Stay-at-Home order on December 3, 2020. 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. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. 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. Membership was established in 2004. Inventory has been valued at the lower of cost or market on a first-in, first-out basis. The Company has a revolving line of credit with Pacific Premier Bank (formerly Heritage Oaks Bank) for $500,000, expiring April 1, 2021. 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. I give my elec. Adjustments to reconcile net income to net cash provided by operating activities: Changes in operating assets and liabilities: Net cash provided by operating activities, Principal payments on capital lease obligations, Net increase in cash and cash equivalents, Cash and Cash Equivalents Beginning of Period, Cash and Cash Equivalents End of Period. Results of Review of Interim Financial Information. Download Brochure, RV Storage Intl: (407) 917-8432. Your new yearly membership fee is $500. 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. saving this search 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. 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 resort can supply information on the area's attractions and amenities such as 100 Ocean View Ave., Pismo Beach, California, United States. 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. Fresh seafood is one of the favorite local cuisines to enjoy. 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. The resort remained closed until May 22, 2020 at which time the County of San Luis Obispo permitted occupancy to fifty percent. 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. These interim financial statements are the responsibility of the Companys management. RV.Net Open Roads Forum: RV Parks, Campgrounds and Attractions: Pismo Enter your details below to be emailed when inventory matching your specifications becomes available. 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. (CRMLS) 4 beds, 2.5 baths, 1641 sq. Pismo Beach timeshares invite families to enjoy classic California beach adventures they'll never forget. RV Services Sports enthusiasts can enjoy surfing, fishing, kayaking, sailing, body boarding and kite boarding at places like Pismo State Beach. $8,000 membership. 213 reviews. Copyright 2023 RV Property. 1,775. 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. and consent for Timeshare Broker Associates to send me offers at the above phone number. As of March 31, 2021, September 30, 2020, and March 31, 2020, the Companys deferred tax liability was $375,400 $423,100 and $435,600, respectively. 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. [ ] 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). Contact us at our email address hvn4us@gmail.com. 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. 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 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. Timeshare accommodations include hotel-style rooms as well as multi-bedroom condos and villas. sig. 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). All undisputed payables have been paid in full according to the Company's policy. On June 12, 2020, the County of San Luis Obispo allowed lodging businesses to operate at full capacity with restrictions on amenities. to receive alerts when results become available. 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. We have a national one we can no longer use. Buyers are advised to confirm all data provided. 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. More Info. ft. house located at 102 Village Cir, Pismo Beach, CA 93449 sold for $700,777 on Nov 24, 2020. Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. Management continues to place importance upon ongoing review of retail product mix, pricing, attention to service, and staff training. 909-792-3774 may result in a faster sale of my timeshare. 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. The Company is the sponsor of a 401(k) profit sharing pension plan, which covers substantially all full-time employees. Rental expense under this operating lease is. Management is planning and implementing long-term renovations to the Resort property, which includes redesigning sites and utilities to accommodate the needs of modern recreational vehicles and replacing restroom buildings. Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, Contact Pismo Coast Village RV Resort Specialist Today! Transfer fee is included. At March 31, 2021, September 30, 2020, and March 31, 2020, capital lease obligations consisted of the following: NOTE 5: CAPITAL LEASE OBLIGATIONS (continued). If the Company fails to complete the required public improvements, monies will be drawn from the credit line to satisfy the County. $384 per month. Membership provides access to 5 sister sites NC, OH, FL. sig. Search for. Although the supply-demand balance generally remains favorable, future-operating results could be adversely impacted by weak demand. Due to the nature of the business, the Companys revenue is not significantly impacted by refunds. 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 are several resorts you can use with this membership. Pending. 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. Pismo Coast Village RV Resort - Tripadvisor 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. Each office is independently owned and operated. 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. 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. Enter your details below to be emailed when inventory matching your specifications becomes available. The increase in the RV Service program revenue reflects effort to target new business and new inventory. MLS# SP20219611. 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. Asking $2500, dues are current, buyer pays transfer fee, 919 933-4606 jradkins@earthlink.net, More Memberships For Sale on the next page. The increase in the General Store revenue primarily reflects the increased resort occupancy due to COVID-19. Consent not required for purchase. 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, 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.
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