Area restaurant brokers familiar with the transaction tell GlobeSt.com on condition of anonymity the estimated purchase price is $9 million or about $3 million each for the three restaurants in suburban Longwood, FL, Lake Buena Vista, FL near Walt Disney World and Downtown. Garcia has always owned the Pebbles unit in Winter Park, FL.

The 57-year-old Garcia and Larry Stuart, former regional food/beverage director, Lowe's Hotels, will operate the four restaurants as the Garcia-Stuart Hospitality Alliance. Larry Buell, a longtime Pebbles manager, will be operations director.

Garcia, Stuart and Manuchia couldn't be reached at GlobeSt.com's publication deadline. But brokers following the restaurant industry locally tell GlobeSt.com the deal was done because the Pebbles chain wasn't meeting annual growth expectations. A fifth Pebbles restaurant at Saks Fifth Avenue in the Florida Mall will be closed.