Preliminary Investor & Landlord Diligence Packet
Lounge & Cigar Patio
126 W. 6th Street · Cincinnati, Ohio
The Concept
Siento Lounge & Cigar Patio is a premium neighborhood lounge concept designed for downtown professionals, cigar enthusiasts, and business travelers seeking a refined evening destination. The space blends three complementary experiences: a cocktail lounge environment, a curated cigar patio, and a social membership community.
Premium spirits & craft cocktails in a dimly lit, intimate setting curated with jazz, soul, and lounge programming. Designed for conversation, connection, and community.
An elevated outdoor patio experience featuring premium cigars, high-quality spirits, and a relaxed but upscale social atmosphere for enthusiasts and professionals alike.
A social membership program creating predictable recurring revenue and a loyal, community-driven clientele among downtown residents and professionals.
Target Market
Downtown professionals · Business travelers · Local cigar enthusiasts · Downtown Cincinnati & OTR residents · Convention center visitors
3-Year Financial Model
Conservative ramp-up in Year 1 → Brand stabilization in Year 2 → Full market penetration by Year 3.
Year 1
$615,600
EBITDA: $143,517
23% Margin45 guests/day · $38 avg ticket
Year 2
$907,200
EBITDA: $281,000
31% Margin60 guests/day · $42 avg ticket
Year 3
$1,215,000
EBITDA: $429,000
35% Margin75 guests/day · $45 avg ticket
Revenue Mix (Year 3)
Start-Up Budget
| Category | Estimated Cost |
|---|---|
| Leasehold Improvements | $50,000 |
| Furniture & Fixtures | $20,000 |
| Bar Equipment | $15,000 |
| Lighting & Décor | $10,000 |
| Sound System | $5,000 |
| Initial Liquor Inventory | $8,000 |
| Initial Cigar Inventory | $7,000 |
| Licenses / Permits | $5,000 |
| Working Capital Reserve | $25,000 |
| Total Start-Up Capital | $145,000 |
Leadership
A partnership combining expertise in regulated retail operations, brand building, community engagement, and strategic sales development.
Co-Founder / Operations Partner
25% OwnershipRetail Operations Director, King City Gardens — overseeing multi-location licensed Ohio dispensaries. Co-founder of The Garden Dispensaries in Camp Washington and Sycamore Township, consistently among Ohio's top-performing dispensaries. Hospitality operator and brand developer with experience at The Arena Sports Bar & Grill. Focuses on building operationally disciplined, culturally distinctive venues.
Co-Founder / Strategic Partner
25% OwnershipCannabis entrepreneur who led Ohio's largest Black-owned dispensary, surpassing projections by over $4 million and earning national industry recognition. Co-founder of DMC Capital. TED Talk speaker. Guest lecturer at the University of Cincinnati. Named among sixteen women backed by American Women in Science (2020). Co-founder, The Garden Dispensaries.
Lead Financial Partner / Managing Member
50% OwnershipPhysician Sales Executive at Quest Diagnostics — President Club Award winner for top national sales performance. Executive Board President, University of Cincinnati African American Alumni Association. Specializes in strategic relationship development, client trust, and community leadership. Will drive partnership development and customer engagement strategy for Siento.
Diligence Packet
Operator Bio
Darius Bobo — full biography provided. See Leadership section.
Business Plan / Pro Forma
3-year financial model provided above with conservative, moderate, and strong scenarios.
Financial Statements
Personal financial statements will be provided for all three lease guarantors (Daimon Wiley, Darius Bobo, Crystal Burton) for the initial year only.
Lease Signers
Siento Hospitality LLC · Managing Member: Daimon Wiley
Lease Guarantors
All three partners: Daimon Wiley, Darius Bobo & Crystal Burton (joint personal guaranty).
Budget Breakdown
$145,000 total. Detailed line-item budget provided above.
Financing Overview
Founder equity contribution + private investor minority interest. No institutional debt anticipated.
Cap Table
Daimon Wiley 50% · Darius Bobo 25% · Crystal Burton 25%
Loss Runway
$25,000 working capital reserve. Stabilization projected at Month 4–6.
Operating Agreement
To be finalized and provided prior to lease execution.
Lease Commencement / Rent
Lease payments will not begin until Day 1 of operations. Requested as a condition of the lease agreement.
⚠ Liquor License Status
Application to be filed immediately. CONDITIONAL LEASE REQUIRED. Project does not proceed without license.
Path Forward
File the liquor license application for 126 W. 6th Street immediately. Request landlord cooperation and confirmation that the location is eligible. This is the single most critical step — no lease moves forward without it.
Review, sign, and return Dennis' agency agreement confirming representation structure for formal negotiations.
Negotiate a conditional lease arrangement with lease execution contingent upon liquor license approval. This protects both the operator and the landlord.
Submit 3 years of personal tax returns to fulfill the financial diligence requirement as a new entity.
Complete and deliver the Siento Hospitality LLC operating agreement prior to final lease execution.