Information deemed reliable but not guaranteed. Fresh seafood is one of the favorite local cuisines to enjoy. Keeping your RV in its best shape assures a fantastic visit every time. These levels are well within the guidelines established by management for the individual category sales of RV supplies and General Store merchandise. The shares are personal property and do not constitute an interest in real property. We post our most recent filings with the Securities and Exchange Commission (SEC) here. (805) 773-1811 The Company expects the note payable to be forgiven. After 10 years of traveling we are selling our RV and settling in a mobile home park. Download Brochure, RV Storage The General Store is a Hub of Activity Information deemed reliable but not guaranteed. With that you become an owner with no annual fees or dues, and you get 45 days of stay each year. sig. and consent for BuyATimeShare and. LP Gas, Photo Gallery 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. 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. Swimming pool, lake, recreational activities, store on site. The Company does not recognize revenue when a customer prepays for resort accommodations. Your search does not match any homes. I give my elec. Look for ocean views from a furnished balcony where you can enjoy a breakfast that you prepared in the full kitchen. See more of Pismo Coast Village on Facebook 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. Your browser is not currently supported. 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. The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. The Company began canceling reservations on March 19, 2020 and closed the park on March 23, 2020. Each office is independently owned and operated. Really good price. Contact Pismo Coast Village RV Resort Specialist Today! ft. house located at 102 Village Cir, Pismo Beach, CA 93449 sold for $700,777 on Nov 24, 2020. 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. 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. 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. 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. The present level of cash is being maintained in anticipation of large capital expenditures. The earnings per share are based on the 1,775 shares issued and outstanding. Refunds related to services are generally recognized as an adjustment to the transaction price at the time the resort stay occurs or services are rendered. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the balance sheet of the Company as of September 30, 2020, and the related statements of operations, and statement of changes in stockholders equity, and cash flows for the year then ended; and in our report dated November 18, 2020, we expressed an unmodified opinion on those financial statements. The Companys commitment to quality, value, and enjoyment is underscored by the businesss success due to word of mouth and referrals from guests. The Financial Accounting Standards Board (FASB) issued new guidance that created Topic 606, Revenue from Contracts with Customers, in the Accounting Standards Codification (ASC). In response, the County of San Luis Obispo followed by the Governor of California issued a Shelter at Home order effective March 19, 2020, requiring certain non-essential businesses to temporarily close to the public. Either way, you'll find yourself surrounded by luxury with amenities like spas, shops, restaurants, fitness centers and lounges. The majority of the balance is due to timing differences of depreciation expense, caused by the use of accelerated depreciation methods for tax calculations. Due to the nature of the business, the Companys revenue is not significantly impacted by refunds. This seems high but it's not a membership. The accompanying notes are an integral part of these financial statements. Dinosaur Caves Park offers a fun playground along with an old-time band-shell that features occasional free concerts. The geographic nature of the revenue could affect the nature, timing, amount and uncertainty of revenue and cash flows. (CRMLS) 4 beds, 2.5 baths, 1641 sq. Management did not identify any subsequent events that required disclosure. 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. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Some of these projects include road repair, utility improvements, landscaping, and building repair. 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. Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. Membership was established in 2004. 909-792-3774 $639 for the transfer fees yearly dues of approximately $399. At March 31, 2021, September 30, 2020, and March 31, 2020, capital lease obligations consisted of the following: NOTE 5: CAPITAL LEASE OBLIGATIONS (continued). 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. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. Accordingly, we do not express such an opinion. Your browser is out of date or unsupported. The Company does not have any significant financing components. 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. Copyright 2023 - Official BUY A TIMESHARE - Vacation Property Resales Inc - All Rights Reserved Terms and ConditionsSMS Terms and ConditionsPrivacy PolicyCompliance. Results of Review of Interim Financial Information. Notes to Financial Statements (Unaudited). Msg & data rates may apply. 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. 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. Looking For a Reasonably-priced TT Membership? Each office independently owned and operated. Start your tour of the area on the Pismo Beach Pier. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. (800) 525-7452. Check-in is not available against this resort. Management did not believe an allowance for doubtful accounts was necessary as of March 31, 2021, September 30, 2020, and March 31, 2020. 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. Management continues to review and scrutinize expenses in order to maximize efficiency and profitability. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. Copyright 2023 California Regional Multiple Listing Service, Inc. All rights reserved. Enter your details below to be emailed when inventory matching your specifications becomes available. Camp for free at beautiful resort at Gettysburg historic area. If the Company is unable to generate sufficient funds from the public, the Company may be required to charge shareholders for services. 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. 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 information furnished reflects all adjustments, which, in the opinion of management, are necessary to a fair statement of the results for the interim periods. The Companys principal terms of sale occur simultaneously when control of the goods and services are transferred to the customer and payment is accepted. Pismo Coast Village RV Resort Timeshare Resales 165 South Dolliver Street, Pismo Beach, California, 93449, United States Sell Your Timeshare Timeshares For Sale Get Price Alerts Make Offer Prev Next Situated midway between San Francisco and Los Angeles in beautiful Pismo Beach, Pismo Coast Village RV Resort needs only to be seen to be appreciated. Membership provides access to 5 sister sites NC, OH, FL. These resorts range from old-fashioned and comfy to sleek and modern. The third and fourth quarters' occupancies are expected to be consistent with that of past years, with the possible exception created by COVID-19. 1,440 Sq Ft. 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. Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. Consent not required for purchase. Visiting in the spring and fall shoulder seasons promises warmer temperatures. 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. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $6,098, $6,096 and $6,094 of cash equivalents. The Company uses the asset-liability method of computing deferred taxes in accordance with ASC Income Taxes topic. Pismo Outlet shopping lets you explore quaint shops for surf wear, arts and crafts, and sports gear. Stays at preserves can be reserved 90 days in advance and can be up to 14 days. Shoppers love the Pismo Beach Premium Outlets with its outstanding collection of designer names. 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. If you want to avoid the crowds, then visit Pismo Beach in the winter. Web Design and SEO by: Advanced Internet Management. Then, those member banks issue CDs in amounts under $250,000, so that the entire deposit balance is eligible for FDIC insurance. 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. But it's not a timeshare. Consider Pismo Beach timeshares when you're ready to soak up the sun and play in the surf. Web Design and SEO by: Advanced Internet Management 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. Willow Bay Resort and Marina, on Long Lake, Tum Tum, FASB ASC 740 also requires, among other things, the recognition and measurement of uncertain tax positions based on a "more likely than not" (likelihood greater than 50%) approach. DISCLOSURE CONCERNING WEBSITE ACCESS TO COMPANY REPORTS. boat and trailer rentals. Revenues during this period are directly attributed to and are consistent with seasonal occupancy of a tourist-oriented business. 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. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing. Revenue is then recognized when the customer stays at the resort. Management continues to place importance upon ongoing review of retail product mix, pricing, attention to service, and staff training. 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. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Timeshare accommodations include hotel-style rooms as well as multi-bedroom condos and villas. and consent for Timeshare Broker Associates and. However, the Company believes that its financial strength and market presence will enable it to remain extremely competitive. Motor home sold makes this membership available. There are several resorts you can use with this membership. Text msgs. 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. Click the button below to proceed. Web Cams Operating expenses for the three-month period ending March 31, 2021, decreased $79,028, or 6.1%, below the same period ended March 31, 2020. 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. Some features of this website may not work until you update to a supported browser. Site Map 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. It is the policy of the Company to consistently classify interest and penalties associated with income tax expense separately from the provision for income taxes, and accordingly no interest or penalties associated with income taxes have been included in this calculation, or separately in the Statement of Operations and Retained Earnings. 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. 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. This increase is primarily due to an increase in income, rental deposits, and decrease in capital expenditures. Keeping your RV in its best shape assures a fantastic visit every time. 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. Our . The accompanying notes are an integral party of these financial statements. sig. Consent not required for purchase. This expense primarily reflects financing for trucks used in the companys RV storage and towing operation. We couldn't find any timeshares matching your search term, but we can notify you when we have new timeshares for purchase or rental. All kids enjoy days at the beach strolling along sandy shores, digging for clams with a permit, playing sand volleyball, and building sand castles. 170 Branch St #374, Pismo Beach, CA 93449 Zillow. Call 603-883-8626 or 1-800-640-6886 for assistance. For the six-month period ended March 31, 2021, compared to the same period in 2020, interest expense was $8,076 and $10,940, respectively. The Company continues to promote and depend upon recreational vehicle camping as the primary source of revenue. We have a national one we can no longer use. Resort amenities create a truly memorable stay. 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. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. 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. Transfer fees: $550, payable to Harmony Ridge Resort. Really nice package for price. The ownership of a share does not entitle the owner to any interest in any particular site or camping period. Inventory is comprised primarily of finished goods in the general store and in the RV repair shop. Third and fourth quarter site occupancy and storage fill are expected to be consistent with that of the past year. sig. Although the Company does not maintain any uncertain tax positions, tax returns remain subject to examination by the Internal Revenue Service for fiscal years ending on or after September 30, 2018 and by the California Franchise Tax Board for fiscal years ending on or after September 30, 2017. ft. apartment is a 2 bed, 2.0 bath unit. Service 4.2. and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. The note may be prepaid by the borrower at any time prior to maturity with no prepayment penalties. Virtual Tours, 165 South Dolliver Street Pismo Beach, CA 93449, (888) RVBEACH Due to the COVID-19 the General Store was closed March 23, 2020 until June 12, 2020, while RV Service remained open during the crisis. To view all of Pismo Coast Villages filings with the SEC, go to sec.gov link below. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. and consent for Timeshare Broker Associates and, Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by. 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. The Company has also maintained a line of credit of $500,000 to ensure funds will be available, if required. The Companys matching portion of the 401(k) safe harbor plan was $32,147 and $38,540 for the six months ended March 31, 2021 and 2020, respectively, and $13,916 and $15,400 for the three months ended March 31, 2021 and 2020, respectively. ITEM 2. 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. Anyone has private shares for sale? 1000 Trails/ Naco Alliance Membership for sale. Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, We are the original owners. Choose the atmosphere of your choice. 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. Anyone out there a shareholder in Pismo Coast Investments which owns Pismo Coast RV Village in California? The Company plans capital expenditures up to $200,000 in fiscal year 2021 to further enhance the Resort facilities and services. Very motivated sellers-we are relocating. 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. To the north of the pier, visitors explore the Shell Beach neighborhood. Rather, the Company records a deferred revenue liability equal to the amount received. Web Design and SEO by: Advanced Internet Management. 213 reviews. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. INTERNAL CONTROL OVER FINANCIAL REPORTING. This website uses cookies to ensure that you get the best experience on our website. Contact Pismo Coast Village RV Resort Specialist Today! This increase is due primarily to an increase of $571,585, or 28.8%, in site rental revenue, which was primarily due to COVID-19 ramifications where the public sought outdoor recreation as a safe environment.