Hi
nice domain with obvious usage
the name is currently in use by several sites, one that claims TM, using .in extension
https://www.cakehut.in/
http://cakehut.co.ke/
http://cakehutuae.com/
plenty of potential end-users and it should get a few type-ins, if those sites have some popularity.
don't know stats if any, but if inquiry came in, i'd be trying to get five figures,
though selling cakes online where it's not local, is lot different than selling non food items online anywhere.
so budgets may be different because of that.
Good Luck!
imo...