Let me get this straight, I pay them $300 for the exclusive license for pre-made logo.

Considering I can contract out multiple iterations of a bespoke, cross-media, hand-dithered (e.g. newsprint, 4-color, b&w, web, etc.) logo for $1-$2k from full-service design/marketing firms HOW is this a competitive solution?

What project or firm who even tangentially cares about their brand identity would go down this path? Logos typically last the lifetime of the brand (years) and those sunk costs can be easily justified by that lengthy amortization.

Honestly, this seems like a service without a market; at least in the United States.