If the Company fails to complete the required public improvements, monies will be drawn from the credit line to satisfy the County. 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. The difference between the effective tax rate and the statutory tax rates is due primarily to the effects of state taxes net of the federal tax benefit and nondeductible variable costs of shareholder usage. Click the button below to proceed. 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. Busy season is in summer when people are out enjoying California's famous sun and surf. Very good. A balance of $83,938 is available if the Company requires additional funding from the line of credit. To the north of the pier, visitors explore the Shell Beach neighborhood. 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. More information about cookies can be found in our. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNRTING POLICIES. The RVing public actively seeks accommodations on the Central Coast despite volatile fuel prices and personal financial uncertainties. Posted By: John Wayne on 12/02/14 07:19pm They are expensive . 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. The resort can supply information on the area's attractions and amenities . 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. All kids enjoy days at the beach strolling along sandy shores, digging for clams with a permit, playing sand volleyball, and building sand castles. Web Cams We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. If you are interested in receiving any financial information from the company, we encourage you to download documents from these resources. Depreciation rates are based upon the following estimated useful lives: Furniture, fixtures, equipment and leasehold improvements. and consent for BuyATimeShare and. After 10 years of traveling we are selling our RV and settling in a mobile home park. Everyone will appreciate a convenient General Store right on the property for those creature comforts that make vacations enjoyable. Rental expense under this operating lease is. Enter your details below to be emailed when inventory matching your specifications becomes available. (800) 525-7452. The Company follows the policy of charging the costs of non-direct advertising as incurred. 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 new guidance also added Subtopic 340-40, Other Assets and Deferred Costs-Contracts with Customers, to the ASC to require the deferral of incremental costs of obtaining a contract with a customer. 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. 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. Funds from the loan may only be used for payroll costs, costs used to continue group health care benefits, mortgage payments, rent, utilities, and interest on other debt obligations incurred before February 15, 2020. 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. 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. Listing by Real Estate One - Greg Beck. 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. INTERNAL CONTROL OVER FINANCIAL REPORTING. We have a national one we can no longer use. Camp for free at beautiful resort at Gettysburg historic area. We post our most recent filings with the Securities and Exchange Commission (SEC) here. These resorts range from old-fashioned and comfy to sleek and modern. 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. 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. At March 31, 2021, September 30, 2020, and March 31, 2020, capital lease obligations consisted of the following: NOTE 5: CAPITAL LEASE OBLIGATIONS (continued). We have camped at Pismo Coast Village before and wonder about the merits of owning a share or not. The Companys commitment to quality, value, and enjoyment is underscored by the businesss success due to word of mouth and referrals from guests. 2 Beds. Location 4.6. https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf, https://www.sec.gov/cgi-bin/browse-edgar?company=pismo+coast+village&CIK=&State=&SIC=&action=getcompany, Reservations This website uses cookies to ensure that you get the best experience on our website. The Company's current cash position, as of March 31, 2021, is $8,156,893, which is 58.9% more than the same position in 2020. Certain information included herein contains statements that may be considered forward-looking statements, such as statements relating to anticipated expenses, capital spending and financing sources. The Company expects the RV service facility project to be completed and bond satisfied by June 30, 2021. 3. sig. Fresh seafood is one of the favorite local cuisines to enjoy. 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. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Ongoing investment in resort improvements has assured resort guests and shareholders a top quality, up-to-date facility. Looking For a Reasonably-priced TT Membership? You'll encounter few travelers, but you may have to deal with some cloudy days and the occasional rain shower. Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. We are the original owners. Fees are paid thru Dec 31, 2012. All Rights Reserved. Anyone out there a shareholder in Pismo Coast Investments which owns Pismo Coast RV Village in California? The geographic nature of the revenue could affect the nature, timing, amount and uncertainty of revenue and cash flows. With 400 RV hookup sites, you'll enjoy blissful camping experiences with modern amenities like complimentary wireless Internet and cable television. Web Design and SEO by: Advanced Internet Management, Please wait we are loading some suggestions for you, I give my elec. General Store International: 1-603-516-0200, Toll Free: 1-877-815-4227 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. Buyer may receive a title fee credit, inquire for details! We want $1200 for the membership plus the buyer pays approx. See more of Pismo Coast Village on Facebook Cost: $1800 or best offer includes annual dues and maintenance fees. Email tbdesert@aol.com or call 760-772-4733. With a Pismo Beach timeshare, any time of year creates brilliant opportunities to enjoy this California coastal paradise. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. For the six-months ended March 31, 2021, Cost of Goods Sold expenses were 46.9 % compared to 45.9% the previous year. 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. The Company leases property for RV storage which is located in Oceano and is leased at $3,575 per month. Therefore, interest noted on the balance sheet will not be applied. Visit a local winery to sample locally made wines. There is also Holiday RV Park which has no shares available but does have a list of shares for sale by owners. Management did not believe an allowance for doubtful accounts was necessary as of March 31, 2021, September 30, 2020, and March 31, 2020. 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. YES [X] NO [ ]. The Company has a five-year lease obligation for a copier. NOTE 2: SUMMARY OF SIGNFICANT ACCOUNTING POLICIES (continued). Inventory has been valued at the lower of cost or market on a first-in, first-out basis. With that you become an owner with no annual fees or dues, and you get 45 days of stay each year. 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. 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. Dues have been paid currently so no past due dues all 1000 Trail and NACO campgrounds. Consent not required for purchase. International: 1-603-516-0200, 100 Ocean View Ave., Pismo Beach, California, 93449. The Company does not have any significant financing components. Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. Really nice package for price. Information deemed reliable but not guaranteed. I give my elec. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS, Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Garry Nelson, President and Chairman of the Board), Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Jay Jamison, Chief Executive Officer and principal executive officer), Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Jerry Roberts, Chief Financial Officer, principal financial officer and principal accounting officer), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Garry Nelson, President and Chairman of the Board), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Jay Jamison, Chief Executive Officer and principal executive officer), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Jerry Roberts, Chief Financial Officer, principal financial officer and principal accounting officer). ** The Official Facebook Page of Pismo Coast Village RV Resort ** Beachfront 400 campsites full. It's the ideal place to enjoy a classic beach getaway thanks to its beautiful coastline, sparkling waters and fun attractions. Pismo Outlet shopping lets you explore quaint shops for surf wear, arts and crafts, and sports gear. Amortization expense on assets under capital lease was $37,891 and $32,415 for the six months ended March31, 2021 and 2020, respectively, and $19,035 and $16,206 for the three months ended March 31, 2021 and 2020, respectively. All undisputed payables have been paid in full according to the Company's policy. In addition, investment for online marketing, ads in the two leading national directories, and trade magazine advertising formulates most of the business-marketing plan. Do Not Sell or Share My Personal Information. The accompanying notes are an integral party of these financial statements. 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. LP Gas, Photo Gallery This expense primarily reflects financing for trucks used in the companys RV storage and towing operation. 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. 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. The General Store is a Hub of Activity 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. Once you've decided to buy a Pismo Beach campground membership, everyone will look forward to oceanside camping and memory making experiences. Membership provides access to 5 sister sites NC, OH, FL. Take a ride on a biplane along the scenic coast for more memory-making fun times. 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. Pismo Bowl provides a fun and unique bowling experience on lanes that are among some of the oldest in California. Pismo Beach timeshares can promise ocean views and all of the comforts of home. Pismo Coast Village has no shares available. Increases in transportation and fuel costs or sustained recessionary periods could also unfavorably impact future results.
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