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. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, Never pay an upfront fee and let us take the hassle out of selling your Pismo Beach timeshare resale. 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. The following financial statements and related information are included in this Form 10-Q, Quarterly Report. Seasonal fluctuations within this industry are expected, and management projects that income for the fourth quarter will be approximately 40% of its annual revenue. The Company continues to promote and depend upon recreational vehicle camping as the primary source of revenue. Unlike organizations such as Thousand Trails, Pismo Coast Village is owned by shareholders. Do Not Sell or Share My Personal Information. I give my elec. sig. Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. These levels are well within the guidelines established by management for the individual category sales of RV supplies and General Store merchandise. It's an incredibly scenic stretch of coastline that's dotted with charming coastal cottages. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. sig. But it's not a timeshare. To view all of Pismo Coast Villages filings with the SEC, go to sec.gov link below. The Company has also maintained a line of credit of $500,000 to ensure funds will be available, if required. 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. Due to the nature of the business, the Companys revenue is not significantly impacted by refunds. This decrease in expense primarily reflects labor, workers compensation, repairs and maintenance, and legal fees. 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. Virtual Tours, 165 South Dolliver Street Pismo Beach, CA 93449, (888) RVBEACH 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. 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. Management did not believe an allowance for doubtful accounts was necessary as of March 31, 2021, September 30, 2020, and March 31, 2020. Enjoy a miniature golf course, general store, restaurant that is open seasonally, a heated pool, laundromat, bike rentals and an arcade. For the six-months ended March 31, 2021, Cost of Goods Sold expenses were 46.9 % compared to 45.9% the previous year. With a Pismo Beach timeshare resale, visiting with a guaranteed comfortable stay is a breeze. 2 Beds. The Company has a revolving line of credit with Pacific Premier Bank (formerly Heritage Oaks Bank) for $500,000, expiring April 1, 2021. Buyers are advised to confirm all data provided. Rather, the Company records a deferred revenue liability equal to the amount received. Once you've decided to buy a Pismo Beach campground membership, everyone will look forward to oceanside camping and memory making experiences. More information about cookies can be found in our. Timeshare accommodations include hotel-style rooms as well as multi-bedroom condos and villas. Membership was established in 2004. Enter your details below to be emailed when inventory matching your specifications becomes available. Or take a look at some other properties nearby, Copyright 2023 - Official BUY A TIMESHARE - Vacation Property Resales Inc - All Rights Reserved Terms and ConditionsSMS Terms and ConditionsPrivacy PolicyCompliance. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. 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. We are the original owners. 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. Listing by Real Estate One - Greg Beck. With a Pismo Beach timeshare, any time of year creates brilliant opportunities to enjoy this California coastal paradise. sig. 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. (805) 773-1507. Busy season is in summer when people are out enjoying California's famous sun and surf. INTERNAL CONTROL OVER FINANCIAL REPORTING. Visit a local winery to sample locally made wines. 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. sig. There are several resorts you can use with this membership. 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. Enter your details below to be emailed when inventory matching your specifications becomes available. 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. 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. 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. To the north of the pier, visitors explore the Shell Beach neighborhood. The Company does not recognize revenue when a customer prepays for resort accommodations. these are still light compared to the summer high season when locals and tourists flock to the beautiful beaches. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. . At March 31, 2021, September 30, 2020, and March 31, 2020, the cost of assets under capital lease was $405,819, $405,819, and $398,770 and related accumulated amortization was $234,882, $196,991 and $233,750, respectively. 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. If the Company fails to complete the required public improvements, monies will be drawn from the credit line to satisfy the County. 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. All property and equipment is recorded at cost. I give my elec. The Company anticipates positive performance in income from retail operations as the resort reopens for business following restrictions due to the COVID-19 pandemic. 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. All undisputed payables have been paid in full according to the Company's policy. Text msgs. Contact us at our email address hvn4us@gmail.com. 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. The Company does not expect any material changes through March 31, 2022. Pending. Swimming pool, lake, recreational activities, store on site. Copyright 2023 California Regional Multiple Listing Service, Inc. All rights reserved. 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. 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. All Rights Reserved. YES [X] NO [ ], Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Subsection 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). 100 Ocean View Ave., Pismo Beach, California, 93449. Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. 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. Thousand Trails Membership Elite membership for sale, purchased out right from mother in law who passed away. 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. and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. Premier Membership with cabin package. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Floating week of your choice! This website uses cookies to ensure that you get the best experience on our website. Resort amenities create a truly memorable stay. 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. You are one of the 1800 owners. 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. Results of Review of Interim Financial Information. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. 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. Washington has a general store, restaurant, clubhouse, marina, gas dock and shower facilities. Will sell for $5,000, including transfer fee of $700. Our . Shoulder seasons are in fall and spring, with October being a popular month to see the annual migration of monarch butterflies happening at the Butterfly Habitat on the North End of Pismo State Beach. (805) 773-1811 Visiting in the spring and fall shoulder seasons promises warmer temperatures. Sycamore Lodge near Pinehurst, NC and Gettysburg Battlefield, PA Plus Coast to Coast with thousands of affiliates around the USA. The Company entered into a lease with the County of San Luis Obispo on 06/02/2020 which expires 06/02/2022 at which time there will be an option to renew. 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. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. 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). 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. 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). YES [X] NO [ ]. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. Income from Retail Operations for the six-month period ending March 31, 2021, increased by $88,936, or 17.9%, over the previous year. The Financial Accounting Standards Board (FASB) issued new guidance that created Topic 606, Revenue from Contracts with Customers, in the Accounting Standards Codification (ASC). Management continues to place importance upon ongoing review of retail product mix, pricing, attention to service, and staff training. 140 S DOLLIVER ST SPC 127, Pismo Beach, CA 93449. Your search does not match any homes. Dues PAID thru 9/1/2013, a plus. Download Brochure, RV Storage 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. 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 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. When you choose to store your RV onsite, you'll find anticipating your much-loved vacation destination is a more pleasurable experience. Increases in transportation and fuel costs or sustained recessionary periods could also unfavorably impact future results. The RVing public actively seeks accommodations on the Central Coast despite volatile fuel prices and personal financial uncertainties. Inventory has been valued at the lower of cost or market on a first-in, first-out basis. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $6,098, $6,096 and $6,094 of cash equivalents. and consent for Timeshare Broker Associates and. Migrating monarch butterflies gather here annually, and this is an excellent beach for water sports and ATV riding. Enter your details below to be emailed when inventory matching your specifications becomes available. The earnings per share are based on the 1,775 shares issued and outstanding. sig. 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. You can use WHR for 2 weeks in and 1 week out all year long. We are the leading timeshare resale marketplace and you can find the best deals from private owners selling timeshares at BuyaTimeshare.com. 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. Advertising expense was included in operating expenses on the statement of operations. Information deemed reliable but not guaranteed. All Rights Reserved. The third and fourth quarters' occupancies are expected to be consistent with that of past years, with the possible exception created by COVID-19. 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. For performance obligations related to the Company accommodations and other ancillary goods and services, control transfers to the customer at a point in time. Fresh seafood is one of the favorite local cuisines to enjoy. 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. The General Store is a Hub of Activity Then, those member banks issue CDs in amounts under $250,000, so that the entire deposit balance is eligible for FDIC insurance. Email tbdesert@aol.com or call 760-772-4733. ITEM 2. The accompanying notes are an integral part of these financial statements. Although the supply-demand balance generally remains favorable, future-operating results could be adversely impacted by weak demand. Ongoing investment in resort improvements has assured resort guests and shareholders a top quality, up-to-date facility. 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. $384 per month. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. 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. The technical storage or access that is used exclusively for anonymous statistical purposes. near Idyllwild at 3500 feet weather is generally mild. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. 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. 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. If you want to avoid the crowds, then visit Pismo Beach in the winter. The increase in the General Store revenue primarily reflects the increased resort occupancy due to COVID-19. Asking $2500, dues are current, buyer pays transfer fee, 919 933-4606 jradkins@earthlink.net, More Memberships For Sale on the next page. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK. Transfer fees: $550, payable to Harmony Ridge Resort. Enter your details below to be emailed when inventory matching your specifications becomes available. Whether you decide to sell or buy a timeshare, let us do the work for you! Visiting in the spring and fall shoulder seasons promises warmer temperatures. 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, Yearly dues are $622.96 and buyer will be responsible for a $750 transfer fee. 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. Potlatch Resort in historic LaConner, Washington has swimming pool, Jacuzzi, Lovely resort with amenities for the whole family! Each office independently owned and operated. 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. Pismo Beach timeshares invite families to enjoy classic California beach adventures they'll never forget. We conducted our review in accordance with the standards of the PCAOB. We want $1200 for the membership plus the buyer pays approx. The technical storage or access that is used exclusively for statistical purposes.
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