Bike Rack

I've always used hooks to store bikes in the garage before. But recently I had the idea for putting the bikes on the ground like in a bike shop. You'd think that I'd lose a ton of floor space, but actually the bikes only stick out 10 inches more than before, and this way I have wall space. Maybe I'll install some used kitchen cabinets above the bikes?

I used scrap plywood I had and also used my new radial arm saw to cut the 45 degree cuts for the pieces that hold the rear wheel. Tacked together with my pneumatic nailer and glue then reinforced with screws. Only two screws holding the rack to the wall because there really isnt that much force on it.