Ours is very similar to SK's...except it's from Sears.

The wall studs in the available walls in our garage were not in the right place to hang multiple bikes. So we got this track system with a gift card we'd gotten for Christmas. It works well. We use the 'wheelbarrow' hook in the photo below for the two mountain bikes (hung by handlebars) and we have plain hooks that we use for the road/touring/retro bikes. They slide laterally, so you can accomodate multiple sizes of bikes. You can also get baskets and stuff to store gear...