DIY Bike Rack

I was thinking of a quick, inexpensive way to make a bike rack so here is what was in my mind:


The Advantages:

1. Not godly expensive
2. Can be painted to what ever color is needed
3. parts are available at any hardware store
4. Probably don't need any permit or anything to install on your business or residence
5. Not fancy...

The Disadvantages

1. Can only really hold one bike per rack
2. Not fancy...