Here are the ten basic steps in the selling process and the estimated completion time and documents needed for each step. Step 1: Pharmacy Valuation Process  Accurately determine the value of the pharmacy. A valuation is just another word for appraisal. Documents: Two to three years of accurate financial statements, which are then recast, or normalized, to remove the expenses a new owner will not have. Two to three years of tax returns Recent inventory Estimated value of equipment, fixtures…