Coachella Valley homes, land, business opportunities for sale!
Good news for local businesses! According to a survey done by B of A, local small and mid size businesses as of May 1, are feeling optimistic about the future of their businesses. That’s good news for local businesses here in the Coachella Valley. If you are looking to buy or sell here in the Coachella Valley, choose an experienced, local resident and agent. Kim Kelly 760-285-3578.
Business and Economic Outlook
When looking at attitudes concerning the national economy, business owners’ outlooks varied by the size of their business: 75% of mid-sized business owners expect the national economy to improve over the next 12 months, while just 33% of small business owners expect the same.
Mid-sized business owners (MSBOs) maintain a positive business outlook:
- 87% believe their revenue will increase over the next 12 months.
- 80% plan to expand their businesses in the year ahead.
- 69% plan to hire over the next 12 months.
- 84% said their revenues were higher in 2023 than in 2022.
Among small business owners (SBOs):
- 65% expect their revenue to increase in the year ahead (holding steady since last spring).
- 39% plan to expand their business over the next year.
- 30% plan to hire more employees over the next 12 months.
- 55% reported higher business revenues in 2023 than in 2022.
Top economic concerns for MSBOs include the U.S. political environment (68%), inflation (67%), supply chain (66%) and consumer spending (66%). SBOs share concern over the U.S. political environment (75%) and inflation (73%) but are also concerned about health care costs (69%) and interest rates (63%). 61% of MSBOs and 56% of SBOs noted concerns about recession, both down from 72% last spring. And while concerns over inflation have come down slightly since this time last year, 90% of MSBOs and 84% of SBOs still say that inflation is currently impacting their business. Below is a walk tour of the 1.3 acre estate in Indio that is currently an STVR, and for sale for $3,800,000. 11 beds/8 baths.
