Borriello Brothers assets sold at auction after restaurants close due to back taxes

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The assets of three Colorado Springs Borriello Brothers restaurants were sold at auction Friday. 

Three of the local chain’s restaurants closed in February, when the Colorado Department of Revenue said the owners owed more than $120,000 in back taxes. 

Two Colorado Springs locations and the Fountain location were closed. The original location on Platte Avenue is still open. 

Schur Success Group from Monument held the auction. They said selling three locations in two days is a quick turnaround. 

“It’s been fun. It’s been exciting,” CEO Rich Schur said. “The live auctions aren’t as common as they used to be, and these pizza places, having been in the community, there’s some followers that are kind of sad they’re gone. They came to watch.” 

Schur said the state didn’t come anywhere close to making the $120,000 back from the auctions. 

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