Burger King Worldwide's (NYSE:BKW) refranchising strategy seemed to pay off in the third quarter of 2013, as the company's net income was up significantly over the prior year. In the video below, Fool contributor Asit Sharma reviews the benefits and risks of Burger King's push to be the only major global burger chain operating on a 100% franchisee model. Asit acknowledges the benefits of Burger King's current structure, and outlines the long-term risks as well. In addition, he discusses whether now is a good time to take a position in Burger King stock.

Fool contributor Asit Sharma has no position in any stocks mentioned. The Motley Fool recommends Burger King Worldwide and McDonald's. The Motley Fool owns shares of McDonald's. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.