I do not think it is too raunchy, but it does imply a certain style or type of cake. I am in NJ too and I think the name would be OK if you had the right kind of cakes/clientele - first impression to me was either you having very decadent/gourmet flavors, or that the decorations were like a "Jerseylicious" type style, cakes with attitude
Hey - look at this this way, the first three bakeries with that name that pop up on Google are in New Mexico, Ohio and Alabama - obviously the name works in those (possibly more conservative) regions.
Just make sure you really like the name and are committed before you plan too much around it - like many NJ bakers, I've been slowly planning details while we wait to see if our Home Baker/Cottage Law Bill passes, and registered a domain name so I would be ready to advertise when it becomes legal - but you know what? In the time I have been waiting, I think I changed my mind on the name like three times!