Justin Timberlake's restaurant in New York City’s Upper East Side, called Southern Hospitality, may have reportedly inspired Biel for the venture.
"I would have the bakery component. I say I'm into it, but I'm not a great baker yet," she said on The Tonight Show.
"Baking is really very mathematical and I'm terrible at math. I'm a really good loaf person. I do loaves but sweet loaves like zucchini loaf or banana loaf or banana blueberry loaf. It's really good!" added the 30-year-old actress while describing her culinary skills.
"Please come to my restaurant. It's going to be called Oh Fudge," she concluded.