I have a business concept that I thought of several years ago. It is in the personal care service industry. I think the idea is great and would like to open one and then franchise it. I think it would would be very successfull. And I was right! In doing my "homework" I found out that another has beat be to the punch. They are doing pretty much the same thing I wanted to do. So tell me, Can I still do what I wanted even though someone else is doing it? McDonalds & Burger King both exist doing the same thing, right? Is there room for competition or this a case of "you snooze -you lose" ? They say they have 350 franchises, but I never heard of them.There are none in my state , They seem to be located in the Southeast and Southwest areas. I`m more N.Y.C.area. Does one own a concept or can they only own the name? Help is appreciated.