I've followed the steps as described in this link https://support.sugarcrm.com/Resources/Environments/Development_Environments/Vagrant_Development_Environment/ to set up my local vagrant box.
Some technical clarification:
Box Used sugarcrm/php71es56
I get the following error
Vagrant cannot forward the specified ports on this VM, since they
would collide with some other application that is already listening
on these ports. The forwarded port to 8080 is already in use
on the host machine.
To fix this, modify your current project's Vagrantfile to use another
port. Example, where '1234' would be replaced by a unique host port:
config.vm.network :forwarded_port, guest: 80, host: 1234
I changed the Vagrantfile and added the following directive
config.vm.network "forwarded_port", guest: 80, host: 4367
and then Vagrant reload
Unfortunately the same issue persists.