I give my elec. The technical storage or access that is used exclusively for anonymous statistical purposes. Swimming pool, lake, recreational activities, store on site. The Company anticipates positive performance in income from retail operations as the resort reopens for business following restrictions due to the COVID-19 pandemic. Copyright 2023 RV Property. saving this search 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. Very motivated sellers-we are relocating. The Company expects the note payable to be forgiven. 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. The Company has consistently demonstrated an ability to optimize revenues developed from the resort and retail operations during the summer season. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330. Pismo Coast Village has no shares available. The Company began canceling reservations on March 19, 2020 and closed the park on March 23, 2020. 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. 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. For the six-month period ending March 31, 2021, operating expenses decreased by $120,254, or 4.4%, below the same period in 2020. 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. All Rights Reserved. If you want to avoid the crowds, then visit Pismo Beach in the winter. Sell, rent, or buy a Pismo Beach timeshare for sale on the resale market and save thousands over resort retail pricing! 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. There is also Holiday RV Park which has no shares available but does have a list of shares for sale by owners. 909-792-3774 If you are interested in receiving any financial information from the company, we encourage you to download documents from these resources. 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. Pismo Bowl provides a fun and unique bowling experience on lanes that are among some of the oldest in California. 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. Consent not required for purchase. NOTE 2: SUMMARY OF SIGNFICANT ACCOUNTING POLICIES (continued). 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. YES [ ] NO [ ], Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date. 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. Sports enthusiasts can enjoy surfing, fishing, kayaking, sailing, body boarding and kite boarding at places like Pismo State Beach. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. All rights reserved. 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 ), 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. ITEM 2. Contact us at our email address hvn4us@gmail.com. Price $1999.99 plus transfer fee of $249.75 Can join R.P.I. 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. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. WorldMark Pismo Beach. Some of these projects include road repair, utility improvements, landscaping, and building repair. 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. 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. STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY, MARCH 31, 2021, MARCH 31, JUNE 30, SEPTEMBER 30, AND DECEMBER 31, 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. Click the button below to proceed. Good Sam Club Open Roads Forum: Beginning RVing: Pismo Coast Village 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. Pending. Sign up to receive the latest deals and updates! 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. Popular pastimes in the area include surfing, kayaking and dune buggy rides. (805) 773-1507. Very good. Copyright 2023 North Santa Barbara County Regional MLS. Toll Free: 877-624-6889. Pismo Outlet shopping lets you explore quaint shops for surf wear, arts and crafts, and sports gear. 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 Inc - Company Profile and News Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. Check-in is not available against this resort. Seasonal fluctuations within this industry are expected, and management projects that income for the fourth quarter will be approximately 40% of its annual revenue. Consent not required for purchase. But it's not a timeshare. 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. This approximation is based on historical information. Located on the largest lot within the Village at Pacific . View more property details, sales history Service 4.2. 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. Start your tour of the area on the Pismo Beach Pier. Memberships For Sale Page 4 - RV Property and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. The Company is the sponsor of a 401(k) profit sharing pension plan, which covers substantially all full-time employees. 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 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. The General Store revenue was up $39,301, or 36.0%, and RV Service revenue increased $511, or 0.4%, from 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). Golfers enjoy scenic courses with challenges for all skill levels. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. 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. Please contact Lloyd or Marilyn Philipps at 520 722-1782 or email azgalnow@yahoo.com . 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. Consider Pismo Beach timeshares when you're ready to soak up the sun and play in the surf. I give my elec. This seems high but it's not a membership. Information deemed reliable but not guaranteed. 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. 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. For purposes of the statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Unlike organizations such as Thousand Trails, Pismo Coast Village is owned by shareholders. FOR SALE; these are still light compared to the summer high season when locals and tourists flock to the . and consent for BuyATimeShare and. The Company plans capital expenditures up to $200,000 in fiscal year 2021 to further enhance the Resort facilities and services. Pismo Coast Village RV Resort Timeshare Resales For Sale By Owner 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. Shoppers love the Pismo Beach Premium Outlets with its outstanding collection of designer names. Company profile page for Pismo Coast Village Inc including stock price, company news, press releases, executives, board members, and contact information Search Page General | SellMyTimeshareNow Yearly dues are $622.96 and buyer will be responsible for a $750 transfer fee. RV Services Pismo Coast Village RV Resort. When it first. Cleanliness 4.5. Timeshare accommodations include hotel-style rooms as well as multi-bedroom condos and villas. All undisputed payables have been paid in full according to the Company's policy. Fresh seafood is one of the favorite local cuisines to enjoy. The financial statements report only basic earnings per share, as there are no potentially dilutive shares outstanding. Form 10-Q - SEC Visit a local winery to sample locally made wines. Management did not identify any subsequent events that required disclosure. Make time to visit Dinosaur Caves Park and Spyglass Park to make the most of the views, rock formations and the wildflowers on the bluffs. Therefore, interest noted on the balance sheet will not be applied. 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 enjoyed four consecutive months of record site occupancy until the State mandated a Stay-at-Home order on December 3, 2020. Visiting in the spring and fall shoulder seasons promises warmer temperatures. Staples are available along with niceties like donuts, coffee, newspapers, beach toys for kids, and necessities for the beach like suntan lotion. You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. Accordingly, actual results could differ from those estimates. Rather, the Company records a deferred revenue liability equal to the amount received. 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. Toll Free: 1-877-815-4227 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. Pismo Coast Village, Pismo Beach, CA Real Estate & Homes for Sale - RE/MAX Enter your details below to be emailed when inventory matching your specifications becomes available. On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. Events subsequent to March 31, 2021 have been evaluated through May 7, 2021, which is the date the financial statements were available to be issued. Fees are paid thru Dec 31, 2012. MLS# SP20219611. Pismo Beach Timeshare Resales - Sell Pismo Beach Timeshares Dinosaur Caves Park offers a fun playground along with an old-time band-shell that features occasional free concerts. I give my elec. 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. The Company does not disclose the value of unsatisfied performance obligations for contracts with an expected length of one year or less. 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. Keeping your RV in its best shape assures a fantastic visit every time. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. 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. Dues PAID thru 9/1/2013, a plus. cchris1981@verizon.net. Text msgs. INTERNAL CONTROL OVER FINANCIAL REPORTING. The increase in the General Store revenue primarily reflects the increased resort occupancy due to COVID-19. 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. Everyone will appreciate a convenient General Store right on the property for those creature comforts that make vacations enjoyable. 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. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. Listing by Real Estate One - Greg Beck. These capital expenditures are expected to increase the Resort's value to its shareholders and the general public. #1 of 5 Specialty lodging in Pismo Beach. Search for. 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.