Robotic Massage Automation
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A robotic massage company that addresses the massive labor shortage in massage therapy, particularly targeting hotels that can't offer massage services due to staffing issues.
Key Points:
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Market Opportunity:
- 17,000 open positions for massage therapists in the US
- Hotels unable to offer massage services due to staff shortages
- Rising labor costs driving demand for automation
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Solution:
- Automated robotic massage system
- Targets hospitality industry
- Provides consistent massage service without human therapist
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Strategic Timing:
- Part of larger automation trend
- Labor costs continuing to rise ($15/hr → $20-25/hr → potentially $30/hr)
- Technology costs decreasing while labor costs increasing
- Companies forced to find ways to use less labor
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Business Model:
- Sell to hotels and spas
- Helps businesses offer massage services despite therapist shortage
- Provides consistent service availability
This idea aligns with Kevin Ryan's thesis that automation will increase as labor costs rise and technology costs decrease, creating opportunities to solve labor shortage problems through technology.
Kevin Ryan
Seasoned financial executive with 24 years of experience in management and mergers & acquisitions.
Appointed CFO at World Investment Advisors, overseeing $55 billion in assets across institutional and wealth management segments.
Holds an MBA from Carnegie Mellon University and previously served as CFO of Xactus, a leading mortgage industry verification innovator.