Your new yearly membership fee is $500. Copyright 2023 RV Property. Due to the nature of the business, the Companys revenue is not significantly impacted by refunds. ITEM 3. You are one of the 1800 owners. ITEM 2. ITEM 2. Membership was established in 2004. 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. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. For the six-months ended March 31, 2021, Cost of Goods Sold expenses were 46.9 % compared to 45.9% the previous year. 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 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. Premier Membership with cabin package. Lovely resort with amenities for the whole family! Our . All Rights Reserved. sig. 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. There is also Holiday RV Park which has no shares available but does have a list of shares for sale by owners. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. Pismo Coast Village RV Resort 165 South Dolliver Street, Pismo Beach, CA 93449 US . The Company plans capital expenditures up to $200,000 in fiscal year 2021 to further enhance the Resort facilities and services. 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. 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. Floating week of your choice! Dues have been paid currently so no past due dues all 1000 Trail and NACO campgrounds. Take a ride on a biplane along the scenic coast for more memory-making fun times. Transfer fees: $550, payable to Harmony Ridge Resort. On the beach, 400 full-hookup sites, general store, restaurant, laundromat,hot showers, complimentary Wi-Fi, heated pool, arcade, bicycle rentals,miniature golf just a short walk to the pier and downtown Pismo Beach. This seems high but it's not a membership. The General Store is a Hub of Activity As of March 31, 2021, management has considered its tax positions and believes that the Company did not maintain any uncertain tax positions under this approach and, accordingly, all tax positions have been fully recorded in the provision for income taxes. 170 Branch St #374, Pismo Beach, CA 93449 Zillow. The following financial statements and related information are included in this Form 10-Q, Quarterly Report. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. 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. Pismo Beach timeshares invite families to enjoy classic California beach adventures they'll never forget. Enter your details below to be emailed when inventory matching your specifications becomes available. INTERNAL CONTROL OVER FINANCIAL REPORTING. 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 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. Everyone will appreciate a convenient General Store right on the property for those creature comforts that make vacations enjoyable. All kids enjoy days at the beach strolling along sandy shores, digging for clams with a permit, playing sand volleyball, and building sand castles. Third and fourth quarter site occupancy and storage fill are expected to be consistent with that of the past year. Download Brochure, RV Storage Includes unlimited day use and overnight camping. The Company expects the note payable to be forgiven. 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. 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. The earnings per share are based on the 1,775 shares issued and outstanding. The increase in the General Store revenue primarily reflects the increased resort occupancy due to COVID-19. The Company began canceling reservations on March 19, 2020 and closed the park on March 23, 2020. DISCLOSURE CONCERNING WEBSITE ACCESS TO COMPANY REPORTS. Interest Expense for the three-months ended March 31, 2021, is $3,985, compared to $4,801 for the same period in 2020. The Company makes available on its website, www.pismocoastvillage.com, access to its annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports as soon as reasonably practicable after such material is electronically filed with or furnished to the Securities and Exchange Commission (SEC). 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. 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. Head out of your timeshare to go ATV riding along sand dunes for great pictures and for a memorable day. The third and fourth quarters' occupancies are expected to be consistent with that of past years, with the possible exception created by COVID-19. Pismo Outlet shopping lets you explore quaint shops for surf wear, arts and crafts, and sports gear. may result in a faster sale of my timeshare. However, the Company experienced minimal impact from the COVID-19 pandemic during the period ended March 31, 2021. Msg & data rates may apply. The technical storage or access that is used exclusively for statistical purposes. 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. The resort can supply information on the area's attractions and amenities . 3. cchris1981@verizon.net. 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. - Finance/Chief Financial Officer, (principal financial officer and principal accounting officer), Jay Jamison, General Manager/Chief Executive Officer. The accompanying notes are an integral party of these financial statements. 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. View more property details, sales history Rentals Details: 170 Branch St # 374, Pismo Beach, CA 93449-3428 is an apartment unit listed for rent at /mo.The 900 sq. Consent not required for purchase. 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. The Company expects the RV service facility project to be completed and bond satisfied by June 30, 2021. 89,380 were here. With storage, you can have your RV delivered and set up for you ahead of time. The technical storage or access that is used exclusively for anonymous statistical purposes. A balance of $83,938 is available if the Company requires additional funding from the line of credit. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Camp for free at beautiful resort at Gettysburg historic area. By using this website, you agree to our Terms of Use. Start your tour of the area on the Pismo Beach Pier. Keeping your RV in its best shape assures a fantastic visit every time. They currently have 6 or 7 shares available going for $32,550 each. Visit a local winery to sample locally made wines. 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. PCVs financial information is always readily available for your review. If you have a disability that is preventing you from experiencing this Text msgs. 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. On California's Central Coast lies gorgeous Pismo Beach. This approximation is based on historical information. 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. Points are not available against this searching criteria. The resort can supply information on the area's attractions and amenities such as 100 Ocean View Ave., Pismo Beach, California, United States. This website uses cookies to ensure that you get the best experience on our website. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. 1,775. Advertising expense was included in operating expenses on the statement of operations. 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. $639 for the transfer fees yearly dues of approximately $399. Ongoing investment in resort improvements has assured resort guests and shareholders a top quality, up-to-date facility. 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. LP Gas, Photo Gallery Copyright 2023 North Santa Barbara County Regional MLS. The present level of cash is being maintained in anticipation of large capital expenditures. We have moved to Southern California and need to sell our Harmony Ridge Resort membership, located in Nevada City, CA. The financial statements report only basic earnings per share, as there are no potentially dilutive shares outstanding. View all View all photos (99) Traveler (91) Pool & Beach (18) Room & Suite (2) About 4.0 Pending. Listings displayed are the property of the member Associations of the North Santa Barbara County Regional MLS. FOR SALE; these are still light compared to the summer high season when locals and tourists flock to the . If you are interested in receiving any financial information from the company, we encourage you to download documents from these resources. This increase in income reflects a $335,328, or 36.0%, increase in site revenue, and an increase of $13,080, or 3.1%, in RV storage and spotting activity. 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. website, call Funding for these projects is expected to come from normal operating cash flows and, if necessary, supplemented with outside financing. Your browser is out of date or unsupported. Visiting in the spring and fall shoulder seasons promises warmer temperatures. 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. and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. and consent for Timeshare Broker Associates to send me offers at the above phone number. 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. 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. WorldMark Pismo Beach. 1,440 Sq Ft. Statements of Income and Retained Earnings, 5. Very motivated sellers-we are relocating. Information deemed reliable but not guaranteed. Increases in transportation and fuel costs or sustained recessionary periods could also unfavorably impact future results. 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. ft. house located at 102 Village Cir, Pismo Beach, CA 93449 sold for $700,777 on Nov 24, 2020. and consent for Timeshare Broker Associates and, Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by. The General Store was up $75,485, or 32.1%, and RV Service was up $13,450, or 5.1%. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. 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. Washington has a general store, restaurant, clubhouse, marina, gas dock and shower facilities. Consent not required for purchase. 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. The Company has also maintained a line of credit of $500,000 to ensure funds will be available, if required. 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). Call 603-883-8626 or 1-800-640-6886 for assistance. (805) 773-1811 The Company follows the policy of charging the costs of non-direct advertising as incurred. Rather, the Company records a deferred revenue liability equal to the amount received. 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. Your search does not match any homes. We have a national one we can no longer use. To the north of the pier, visitors explore the Shell Beach neighborhood. Keeping your RV in its best shape assures a fantastic visit every time. 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. ), 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. Cost: $1800 or best offer includes annual dues and maintenance fees. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. ft. apartment is a 2 bed, 2.0 bath unit. Call 603-883-8626 or 1-800-640-6886 for assistance. 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. Looking For a Reasonably-priced TT Membership? Featured Video 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. In addition, investment for online marketing, ads in the two leading national directories, and trade magazine advertising formulates most of the business-marketing plan. sig. 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. 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. Rates 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. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. 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. Price $1999.99 plus transfer fee of $249.75 Can join R.P.I. Stays at preserves can be reserved 90 days in advance and can be up to 14 days. Sell, rent, or buy a Pismo Beach timeshare for sale on the resale market and save thousands over resort retail pricing! 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. We have camped at Pismo Coast Village before and wonder about the merits of owning a share or not. The downtown district is adjacent, providing many opportunities for shopping, dining and entertainment. Your browser is not currently supported. For the six-month period ending March 31, 2021, operating expenses decreased by $120,254, or 4.4%, below the same period in 2020. With that you become an owner with no annual fees or dues, and you get 45 days of stay each year. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. 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. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. Really nice package for price. 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. But it's not a timeshare. 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.
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