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BUSINESS: The Porcupine Inn is a historically significant luxury B&B with great income, occupancy and profits, ... or ….a mountain village estate. Location is in the Village of Saranac Lake overlooking the high peaks, in a private setting in an idyllic Norman Rockwell neighborhood. The Porcupine serves discerning travelers who find comfort in its Adirondack-styled bar and billiards room, Great Room with fireplace, charming dining facility and multi-level deck with hot tub and gazebo covered fire ring. There are handsome views of Haystack Mountain and easy access to nearby Lake Placid, the High Peaks, the beautiful Saranac Lakes and is within two hours of Montreal, Burlington and Albany.

FACILITIES : Three fully outfitted frame buildings with verandas contain 20 standard class motel rooms with air conditioning, TV with HBO, refrigerators, telephones and private facilities. There is a 20' x 40' heated pool, barbecue shelter, shuffleboard and all the comforts to appeal to a family clientele. A two bedroom rental cottage can handle longer term summer tenants or be easily winterized bedrooms. The owner's residence/motel office has three bedrooms and all amenities. There is a high visibility sign and location, shading trees, flowers and easy accessibility.

WHY BUY -- INVESTMENT HIGHLIGHTS:

· Well-established luxury hospitality B&B with nine-month season

· High standard of construction, maintenance, and elaborate details

· Recently upgraded turnkey facility

· Rapid growth of sales and profitability

· Wonderful lifestyle in a four-season vacation environment

· "Cost free" residence in a pleasurable business and home

OPPORTUNITY: A wonderful reputation for comfort and hospitality, returning guests and a new marketing visibility on a high-end web site promises greater returns in the future as well as the pleasures of serving up-market clients while residing essentially free. The owners are expecting their first child, and after testing their appetite for the hospitality business, have plans to continue in the Inn keeping business on a larger scale. This is an opportunity to step into a special luxury residence that has been improved dramatically and a cash business that is generating improved occupancy from quality friendly visitors

FINANCIAL: Many repeat guests have led to revenues increases over 140% in the last 3 years. With consistently improving results, revenues have well passed six figures with EBITDO (Earnings before Interest, Taxes, Depreciation and Owner's) at very generous % for its owners. Year-end 2006 anticipates dramatically higher sales due to new marketing activity, with dramatic owner's cash flow for their essentially nine-month-of-the-year operation. Information will be provided to a serious buyer upon request

SUMMARY, PRICE AND TERMS: The estate and business are offered at $ 975,000. A down payment approximating $ 350,000 will merit bank financing and produce satisfying returns on investment, participation in a quality, fun growth situation and the assistance of the current owners in a smooth transition.

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