Buyers are advised to confirm all data provided. Premier Membership with cabin package. 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. Search Page General | SellMyTimeshareNow The Company has also maintained a line of credit of $500,000 to ensure funds will be available, if required. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Call 603-883-8626 or 1-800-640-6886 for assistance. 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. Revenue from other ancillary goods and services accounts for the remaining 2% of revenue for the period ended March 31, 2021. Unlike organizations such as Thousand Trails, Pismo Coast Village is owned by shareholders. Enjoy a miniature golf course, general store, restaurant that is open seasonally, a heated pool, laundromat, bike rentals and an arcade. The Company plans capital expenditures up to $200,000 in fiscal year 2021 to further enhance the Resort facilities and services. Looking For a Reasonably-priced TT Membership? Very good. There are similar hotels available. Yearly dues are $622.96 and buyer will be responsible for a $750 transfer fee. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. 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. 213 reviews. Web Design and SEO by: Advanced Internet Management, Please wait we are loading some suggestions for you, I give my elec. 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. YES [ ] NO [X], APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY. It's an incredibly scenic stretch of coastline that's dotted with charming coastal cottages. Funding for these projects is expected to come from normal operating cash flows and, if necessary, supplemented with outside financing. After 10 years of traveling we are selling our RV and settling in a mobile home park. 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. Pismo Beach feels like going home | The Spokesman-Review You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. Due to the nature of business and economic cycles and trends, rates may be adjusted accordingly, if deemed necessary. A shareholder is entitled to a pro rata share of any dividends as well as a pro rata share of the assets of the Company in the event of its liquidation or sale. The technical storage or access that is used exclusively for statistical purposes. website, call Everyone will appreciate a convenient General Store right on the property for those creature comforts that make vacations enjoyable. Dinosaur Caves Park offers a fun playground along with an old-time band-shell that features occasional free concerts. Pismo Coast Village RV Resort Timeshare Resales For Sale By Owner PCVs financial information is always readily available for your review. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. Management did not believe an allowance for doubtful accounts was necessary as of March 31, 2021, September 30, 2020, and March 31, 2020. sig. Check-in is not available against this resort. The following financial statements and related information are included in this Form 10-Q, Quarterly Report. 5 Star RV Resort in Banning Ca. 165 South Dolliver Street, Pismo Beach, California, 93449, United States. Memberships For Sale Page 4 - RV Property Copyright 2023 California Regional Multiple Listing Service, Inc. All rights reserved. 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. You may see more crowds, but. Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by, I give my elec. 1000 Trails/ Naco Alliance Membership for sale. This website uses cookies to ensure that you get the best experience on our website. Never pay an upfront fee and let us take the hassle out of selling your Pismo Beach timeshare resale. and consent for BuyATimeShare and. Notes to Financial Statements (Unaudited). To the north of the pier, visitors explore the Shell Beach neighborhood. General Store Pismo Beach timeshares can promise ocean views and all of the comforts of home. 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. 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. boat and trailer rentals. The RVing public actively seeks accommodations on the Central Coast despite volatile fuel prices and personal financial uncertainties. Pismo Coast Village RV Resort 165 South Dolliver Street, Pismo Beach, CA 93449 US . 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. Keeping your RV in its best shape assures a fantastic visit every time. The Company enjoyed four consecutive months of record site occupancy until the State mandated a Stay-at-Home order on December 3, 2020. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. With a Pismo Beach timeshare, any time of year creates brilliant opportunities to enjoy this California coastal paradise. 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. Great for cool summer getaways. All Rights Reserved. Accordingly, we do not express such an opinion. 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. Good Sam Club Open Roads Forum: Beginning RVing: Pismo Coast Village Website Design and Hosting by TXAD Internet. Popular pastimes in the area include surfing, kayaking and dune buggy rides. 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. The Company does not recognize revenue when a customer prepays for resort accommodations. Call 603-883-8626 or 1-800-640-6886 for assistance. Resort amenities create a truly memorable stay. 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. These interim financial statements are the responsibility of the Companys management. The Company leases property for RV storage which is located in Oceano and is leased at $3,575 per month. Unwind next to the swimming pool or in the hot tub before preparing dinner at one of the BBQ grills. 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. If you are interested in receiving any financial information from the company, we encourage you to download documents from these resources. Listings displayed are the property of the member Associations of the North Santa Barbara County Regional MLS. sig. The San Luis Obispo Children's Museum lets little ones have fun while learning with interactive displays and educational exhibits based on play. Your new yearly membership fee is $500. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330. Pismo Bowl provides a fun and unique bowling experience on lanes that are among some of the oldest in California. . However, the Company experienced minimal impact from the COVID-19 pandemic during the period ended March 31, 2021. We have a national one we can no longer use. Pismo Coast Village RV Resort Timeshare Resales The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. The General Store is a Hub of Activity Contact Pismo Coast Village RV Resort Specialist Today! Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. If the Company fails to complete the required public improvements, monies will be drawn from the credit line to satisfy the County. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. 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 resort can supply information on the area's attractions and amenities . For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV Read More, There are hundreds of songs written about California. Transfer fees: $550, payable to Harmony Ridge Resort. Form 10-Q - SEC On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. WorldMark Pismo Beach. These levels are well within the guidelines established by management for the individual category sales of RV supplies and General Store merchandise. No pending legal proceedings against the Company other than routine litigation incidental to the business. INTERNAL CONTROL OVER FINANCIAL REPORTING. Enter your details below to be emailed when inventory becomes available. Click the button below to proceed. 102 Village Cir, Pismo Beach, CA 93449 | MLS# SP20219611 | Redfin Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. Both parks have low yearly . these are still light compared to the summer high season when locals and tourists flock to the beautiful beaches. #1 of 5 Specialty lodging in Pismo Beach. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. 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. Web Design and SEO by: Advanced Internet Management. Consent not required for purchase. This order limited non-essential travel, and caused significant cancelations for December 2020 and January 2021. We have moved to Southern California and need to sell our Harmony Ridge Resort membership, located in Nevada City, CA. cchris1981@verizon.net. Each office independently owned and operated. This park does allow outside guests. Search for. The Company does not expect any material changes through March 31, 2022. Download Brochure, RV Storage nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. 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. Real estate listings held by brokerage firms other than are marked with the IDX icon and detailed information about them include the name of the listing broker and listing agent. 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. The Company expects the RV service facility project to be completed and bond satisfied by June 30, 2021. Golfers enjoy scenic courses with challenges for all skill levels. Choose the atmosphere of your choice. Information deemed reliable but not guaranteed. 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. Do Not Sell or Share My Personal Information. Inventory is comprised primarily of finished goods in the general store and in the RV repair shop. All rights reserved. They currently have 6 or 7 shares available going for $32,550 each. Floating week of your choice! 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. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. RV Services Pismo Beach timeshares invite families to enjoy classic California beach adventures they'll never forget. Due to the nature of the business, the Companys revenue is not significantly impacted by refunds. Rather, the Company records a deferred revenue liability equal to the amount received. The Financial Accounting Standards Board (FASB) issued new guidance that created Topic 606, Revenue from Contracts with Customers, in the Accounting Standards Codification (ASC). You can use WHR for 2 weeks in and 1 week out all year long. On April 28, 2020, the Company (the Borrower) was granted a loan in the aggregate amount of $553,802, pursuant to the Paycheck Protection Program (the PPP) under Division A, Title I of the CARES Act, which was enacted March27, 2020. RV.Net Open Roads Forum: RV Parks, Campgrounds and Attractions: Pismo 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 Official Facebook Page of Pismo Coast Village RV Resort ** Beachfront 400 campsites full. You are one of the 1800 owners. 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. The increase in the General Store revenue primarily reflects the increased resort occupancy due to COVID-19. It's the ideal place to enjoy a classic beach getaway thanks to its beautiful coastline, sparkling waters and fun attractions. Camp for free at beautiful resort at Gettysburg historic area. Some features of this website may not work until you update to a supported browser. At March 31, 2021, September 30, 2020, and March 31, 2020, capital lease obligations consisted of the following: NOTE 5: CAPITAL LEASE OBLIGATIONS (continued). 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. Our . Great fishing is available, along with windsurfing, beachcombing, and waterskiing. 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. saving this search Thousand Trails Membership Elite membership for sale, purchased out right from mother in law who passed away. and consent for Timeshare Broker Associates to send me offers at the above phone number. . 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. MLS# SP20219611. 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. This seems high but it's not a membership. This condition could limit the Company's ability to pass through inflationary increases in operating costs at higher rates. If the Company is unable to generate sufficient funds from the public, the Company may be required to charge shareholders for services. Toll Free: 877-624-6889. The Company began canceling reservations on March 19, 2020 and closed the park on March 23, 2020. Migrating monarch butterflies gather here annually, and this is an excellent beach for water sports and ATV riding. Pending. 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. We are the original owners. Pismo Coast Village RV Resort Timeshares for Sale WorldMark Pismo Beach 100 Ocean View Ave., Pismo Beach, California, 93449 Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. Each office is independently owned and operated. Revenues during this period are directly attributed to and are consistent with seasonal occupancy of a tourist-oriented business. 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. Timeshare accommodations include hotel-style rooms as well as multi-bedroom condos and villas. (800) 525-7452. 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. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Management continues to place importance upon ongoing review of retail product mix, pricing, attention to service, and staff training. The resort can supply information on the area's attractions and amenities such as 100 Ocean View Ave., Pismo Beach, California, United States. Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, which will result in taxable or deductible amounts in the future. An authentic California beach town getaway is the perfect escape from the bustle of everyday life. CAPITAL RESOURCES AND PLANNED EXPENDITURES. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. 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. RVing offers an affordable outdoor recreational experience, and the Company provides quality facilities and services in a highly popular location. Web Design and SEO by: Advanced Internet Management Price $1999.99 plus transfer fee of $249.75 Can join R.P.I. sig. 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. Washington has a general store, restaurant, clubhouse, marina, gas dock and shower facilities. Travel Resorts of America/Coast to Coast Lifetime membership in two campgrounds, and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. These capital expenditures are expected to increase the Resort's value to its shareholders and the general public. NOTE 2: SUMMARY OF SIGNFICANT ACCOUNTING POLICIES (continued). Listing by Real Estate One - Greg Beck. Start your tour of the area on the Pismo Beach Pier. 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. Revenue is then recognized when the customer stays at the resort. You may see more crowds, but. Read More. Pismo Coast Village | Pismo Beach CA - Facebook 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. Motor home sold makes this membership available. {{current_weather.dt | momentjs( atts.date )}}, https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf. A Pismo Beach timeshare lets you enjoy all your favorite activities at your leisure. The present level of cash is being maintained in anticipation of large capital expenditures. 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. $384 per month. 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. 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). Cost of Goods Sold expenses, as a percentage of retail income for the three-months ended March 31, 2021, are 46.5% compared to 44.6% for the same period in 2020. Retail revenue, and specifically General Store revenue increased 36.0%, above the same period ended March 31, 2020 due to increased occupancy. Asking $2500, dues are current, buyer pays transfer fee, 919 933-4606 jradkins@earthlink.net, More Memberships For Sale on the next page. Potlatch Resort in historic LaConner, Washington has swimming pool, Jacuzzi, Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, Call 603-883-8626 or 1-800-640-6886 for assistance. 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. A 2020 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,166, including interest at 5.406% per annum, through May 2027. The Company follows the policy of charging the costs of non-direct advertising as incurred. Management did not identify any subsequent events that required disclosure. 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. 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. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. The Company does not have any significant financing components. This increase is primarily due to an increase in income, rental deposits, and decrease in capital expenditures. Please contact Lloyd or Marilyn Philipps at 520 722-1782 or email azgalnow@yahoo.com . 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. 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, nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. The Company anticipates positive performance in income from retail operations as the resort reopens for business following restrictions due to the COVID-19 pandemic. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. Transfer fee is included. ft. apartment is a 2 bed, 2.0 bath unit. The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. 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.
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