COLORADO SPRINGS – The State Department of Revenue is wasting no time in auctioning off the contents of three Borriello Brothers Pizza locations to help the recoup over 120-thousand dollars in unpaid taxes. The Schur Success Group was awarded the bid to handle the auction. The lead auctioneer says he doesn’t recall trying to sell three locations in just two days ever before. He also says all three locations are very clean and he expects the auction to do well.
Here’s how this is scheduled to work. All three locations are being sold separately and each of the auctions will start with something called a “bulk bid,” or a single bid that includes everything at the location. Then each lot is offered individually. Whichever one of those methods brings in the most money is declared as the official sale.
The auctions are scheduled as follows:
- Thursday, March 7, starting at 8:30 am (doors open at 8): 229 S. 8th Street, Colorado Springs
- Thursday, March 7, starting at 1:30 pm, 5490 Powers Center Point #180, Colorado Springs
- Friday, March 8, starting at 8:30 am, (doors open at 8:00), 5180 Fontaine, Fountain
Schur noted “The taxpayer can settle the account up until the auction begins”. Bidders are encouraged to check the auctioneer’s website for details on how the auction operates, and rules for payment and removal. Should the auction be canceled for any reason, the website will be updated. Click here for the website.
As we previously reported, the three Borriello Brothers pizza locations in Colorado Springs closed for nonpayment of taxes. There is some good news, one location is still open: The downtown shop at Platte and Weber. That location has been around since 1999 and the manager is hoping he can keep it that way.