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. 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). The Company has a revolving line of credit with Pacific Premier Bank (formerly Heritage Oaks Bank) for $500,000, expiring April 1, 2021. We are the leading timeshare resale marketplace and you can find the best deals from private owners selling timeshares at BuyaTimeshare.com. This decrease in expense primarily reflects labor, workers compensation, repairs and maintenance, and legal fees. Anyone out there a shareholder in Pismo Coast Investments which owns Pismo Coast RV Village in California? Sycamore Lodge near Pinehurst, NC and Gettysburg Battlefield, PA Plus Coast to Coast with thousands of affiliates around the USA. RV Services Start your tour of the area on the Pismo Beach Pier. Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. The General Store was up $75,485, or 32.1%, and RV Service was up $13,450, or 5.1%. Financials - Pismo Coast Village RV Resort We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Transfer fee is included. website, call Revenue from other ancillary goods and services accounts for the remaining 2% of revenue for the period ended March 31, 2021. Revenue is then recognized when the customer stays at the resort. To the north of the pier, visitors explore the Shell Beach neighborhood. 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. I give my elec. Search Page General | SellMyTimeshareNow saving this search The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Consent not required for purchase. Enter your details below to be emailed when inventory matching your specifications becomes available. Search for. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. We are the original owners. Call 603-883-8626 or 1-800-640-6886 for assistance. I give my elec. 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. 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. Funding for these projects is expected to come from normal operating cash flows and, if necessary, supplemented with outside financing. Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity with accounting principles generally accepted in the United States of America. This website uses cookies to ensure that you get the best experience on our website. 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. 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. 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. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. - Finance/Chief Financial Officer, (principal financial officer and principal accounting officer), Jay Jamison, General Manager/Chief Executive Officer. 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. and consent for Timeshare Broker Associates to send me offers at the above phone number. International: 1-603-516-0200, 100 Ocean View Ave., Pismo Beach, California, 93449. Management continues to review and scrutinize expenses in order to maximize efficiency and profitability. Migrating monarch butterflies gather here annually, and this is an excellent beach for water sports and ATV riding. Cleanliness 4.5. Pismo Beach Timeshare Resales - Sell Pismo Beach Timeshares 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. 909-792-3774 Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the 1934 Act is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms. The Arroyo Grande Valley and Edna Valley wine regions are a short drive away as is renowned Hearst Castle, which is a favorite destination for lovers of history, art and architecture. On California's Central Coast lies gorgeous Pismo Beach. Shane Adams - Anyone has private shares for sale? | Facebook A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,159, including interest at 4.532% per annum, through January 2023. Depreciation rates are based upon the following estimated useful lives: Furniture, fixtures, equipment and leasehold improvements. Potlatch Resort in historic LaConner, Washington has swimming pool, Jacuzzi, 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. Your search does not match any homes. Schedule of Payments of Interest and Taxes: Pismo Coast Village, Inc. (Company) is a recreational vehicle camping resort. Dues have been paid currently so no past due dues all 1000 Trail and NACO campgrounds. 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. Keeping your RV in its best shape assures a fantastic visit every time. By using this website, you agree to our Terms of Use. #1 of 5 Specialty lodging in Pismo Beach. 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. Rates 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. Pismo Beach Timeshares For Sale - Sell or Buy Timeshare Resale Pismo Coast Village RV Resort Timeshare Resales Intl: (407) 917-8432. 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. However, the Company experienced minimal impact from the COVID-19 pandemic during the period ended March 31, 2021. Msg & data rates may apply. The Company leases property for RV storage which is located in Oceano and is leased at $3,575 per month. Enter your details below to be emailed when inventory matching your specifications becomes available. 1,775. Copyright 2023 California Regional Multiple Listing Service, Inc. All rights reserved. Choose from a variety of sumptuous restaurants ranging from bar and grill establishments to farm-to-table places, or even small cafes for a more intimate dining experience. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $6,098, $6,096 and $6,094 of cash equivalents. sig. YES [ ] NO [X], APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY. Ongoing investment in resort improvements has assured resort guests and shareholders a top quality, up-to-date facility. 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. All Rights Reserved. Anyone has private shares for sale? 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 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). INTERNAL CONTROL OVER FINANCIAL REPORTING. sig. Information deemed reliable but not guaranteed. Pismo Beach timeshares can promise ocean views and all of the comforts of home. Toll Free: 877-624-6889. All property and equipment is recorded at cost. The earnings per share are based on the 1,775 shares issued and outstanding. The Company plans capital expenditures up to $200,000 in fiscal year 2021 to further enhance the Resort facilities and services. When you choose to store your RV onsite, you'll find anticipating your much-loved vacation destination is a more pleasurable experience. 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. Information deemed reliable but not guaranteed. Featured Video Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. Income from retail operations for the three-month period ended March 31, 2021, increased $39,813, or 16.9%, above the same period in 2020. (805) 773-1811 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. 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. Consider Pismo Beach timeshares when you're ready to soak up the sun and play in the surf. Then, those member banks issue CDs in amounts under $250,000, so that the entire deposit balance is eligible for FDIC insurance. Search Page General | SellMyTimeshareNow Visiting in the spring and fall shoulder seasons promises warmer temperatures. Very motivated sellers-we are relocating. 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. (CRMLS) 4 beds, 2.5 baths, 1641 sq. This order limited non-essential travel, and caused significant cancelations for December 2020 and January 2021. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK. The shares are personal property and do not constitute an interest in real property. 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. Please contact Lloyd or Marilyn Philipps at 520 722-1782 or email azgalnow@yahoo.com . On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. Garry Nelson, President and Chairman of the Board, Jerry Roberts, V.P. 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. With a Pismo Beach timeshare, any time of year creates brilliant opportunities to enjoy this California coastal paradise. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect certain reported amounts and disclosures. FOR SALE; these are still light compared to the summer high season when locals and tourists flock to the . 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. Swimming pool, lake, recreational activities, store on site. We have a national one we can no longer use. 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 public may read and copy any of the materials filed with the Securities and Exchange Commission on official business days during the hours of 10:00 a.m. to 3:00 p.m., at the SEC's Public Reference Room located at 100 F Street, N. E., Washington, D.C. 20549. 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. 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. Each share of stock is intended to provide the shareholder with free use of the resort for a maximum of 45 days per year. Keeping your RV in its best shape assures a fantastic visit every time. All rights reserved. Never pay an upfront fee and let us take the hassle out of selling your Pismo Beach timeshare resale. 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. The majority of the balance is due to timing differences of depreciation expense, caused by the use of accelerated depreciation methods for tax calculations. Popular pastimes in the area include surfing, kayaking and dune buggy rides. sig. It's the ideal place to enjoy a classic beach getaway thanks to its beautiful coastline, sparkling waters and fun attractions. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $77,401, $71,145, and $30,266 in TOT and TBID assessments due to the City of Pismo Beach and the County of San Luis Obispo included in accrued expenses on the combined balance sheet, respectively. 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. 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. View more property details, sales history 102 Village Cir, Pismo Beach, CA 93449 | MLS# SP20219611 | Redfin 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 Company does not expect any material changes through March 31, 2022. DISCLOSURE CONCERNING WEBSITE ACCESS TO COMPANY REPORTS. 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.
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